DGAP-News: Annual General Meeting of SMA Solar Technology AG Discharges Managing Board and Supervisory Board and Resolves Dividend

DGAP-News: SMA Solar Technology AG / Key word(s): AGM/EGM
Annual General Meeting of SMA Solar Technology AG Discharges Managing Board
and Supervisory Board and Resolves Dividend

24.05.2018 / 15:05
The issuer is solely responsible for the content of this announcement.


SMA Solar Technology AG - Corporate News

Annual General Meeting of SMA Solar Technology AG Discharges Managing Board
and Supervisory Board and Resolves Dividend

Niestetal, May 24, 2018 - The shareholders of SMA Solar Technology AG
(SMA/FWB: S92) granted full discharge to the Managing Board and Supervisory
Board for the 2017 fiscal year with a clear majority of over 99% and over
95% at today's Annual General Meeting in Kassel. The remaining items on the
agenda were also passed with a large majority. More than 250 shareholders
attended the 2018 Annual General Meeting of SMA Solar Technology AG, and 89%
of those with voting rights were present. The Annual General Meeting
followed the suggestion of the Managing Board and Supervisory Board and
approved the dividend payout of EUR0.35 per qualifying bearer share for the
2017 fiscal year.

\"SMA again demonstrated its high level of flexibility in the last fiscal
year,\" said SMA CEO Pierre-Pascal Urbon. \"In 2017, despite the regional
shift in demand, SMA was able to generate annual net income at the level of
the previous year. For SMA's future success, we will further strengthen our
core business with PV inverters while ramping up our activities in the field
of energy management. Our shareholders supported this strategy at today's
Annual General Meeting.\" In the 2017 fiscal year, SMA generated sales of
EUR891.0 million. Earnings before interest, taxes, depreciation and
amortization (EBITDA) amounted to EUR97.3 million. Net income amounted to
EUR30.1 million. With a payout totaling EUR12.1 million, the payout ratio in
relation to net income amounts to 40.2%. The depository banks will begin
dividend payments on May 25, 2018.

In light of the development in the first quarter of 2018 and the continued
high order backlog, the SMA Managing Board confirms its sales and earnings
guidance for the 2018 fiscal year, which forecasts sales of between EUR900
million and EUR1,000 million and EBITDA of between EUR90 million and EUR110
million. For the first time, EBITDA includes expenses of more than EUR10
million for setting up the digital business. The Managing Board estimates
that depreciation and amortization will amount to approximately EUR50
million. The future payout rate will be between 30% and 60%.

The presentation and the speech given by the Managing Board at the Annual
General Meeting, along with further information, can be found on the
internet at www.sma.de/en/investor-relations/annual-general-meeting.

About SMA
The SMA Group with sales of around EUR900 million in 2017 is a global leader
for solar inverters, a key component of all PV plants. SMA offers a wide
range of products and solutions that allow for high energy yields for
residential and commercial PV systems and large-scale PV power plants. To
increase PV self-consumption efficiently, SMA system technology can easily
be combined with different battery technologies. Intelligent energy
management and digital energy solutions, comprehensive services and
operational management of PV power plants round off SMA's range. The company
is headquartered in Niestetal, near Kassel, Germany, is represented in 20
countries and has more than 3,000 employees worldwide, including 500 working
in Development. SMA's multi-award-winning technology is protected by more
than 1,100 patents and utility models. Since 2008, the Group's parent
company, SMA Solar Technology AG, has been listed on the Prime Standard of
the Frankfurt Stock Exchange (S92) and is currently the only company in the
solar industry that is listed in the TecDAX index.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400

This corporate news serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the \"Company\") or any present or future
subsidiary of the Company (together with the Company, the \"SMA Group\") nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as

This corporate news can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They also
include statements about our assumptions and expectations. These statements
are based on plans, estimations and forecasts which the Managing Board of
SMA Solar Technology AG (SMA or company) has available at this time.
Future-oriented statements are therefore only valid on the day on which they
are made. Future-oriented statements by nature contain risks and elements of
uncertainty. Various known and unknown risks, uncertainties and other
factors can lead to considerable differences between the actual results, the
financial position, the development or the performance of the corporation
and the estimates given here. These factors include those which SMA has
discussed in published reports. These reports are available on the SMA
website at www.SMA.de. The company accepts no obligation whatsoever to
update these future-oriented statements or to adjust them to future events
or developments.


24.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange

End of News DGAP News Service

689323 24.05.2018

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal

Fax +49 561 9522-1133