DGAP-News: Management Board of SMA Solar Technology AG Lowers Sales and Earnings Guidance for 2018 -Outlook for 2019 Unchanged

DGAP-News: SMA Solar Technology AG / Key word(s): Change in Forecast
Management Board of SMA Solar Technology AG Lowers Sales and Earnings
Guidance for 2018 -Outlook for 2019 Unchanged

30.11.2018 / 13:30
The issuer is solely responsible for the content of this announcement.


SMA Solar Technology AG-Corporate News

Managing Board of SMA Solar Technology AG Lowers Sales and Earnings Guidance
for 2018 -Outlook for 2019 Unchanged

Niestetal, November 30, 2018 - Contrary to expectations, the decline in
business recorded since September of this year at SMA Solar Technology AG
(SMA/FWB: S92) continued in November. The SMA Managing Board therefore
expects sales of only EUR760 million to EUR780 million for 2018 (previously
EUR800 million to EUR850 million). The increasing necessary restructuring
measures and additional one-off effects will have a further impact on
earnings in 2018. The Managing Board expects negative EBITDA in the medium
to upper double-digit million euro range (previously: break-even to slightly
negative EBITDA). The SMA Managing Board continues to expect sales growth
and positive EBITDA for 2019.

\"The SMA Managing Board has decided early on to adapt the company's
structures to the changed conditions that are characterized by continued
strong price pressure,\" explained SMA CEO Dr. Jürgen Reinert. \"We expect to
close the discussions with the works council on the planned restructuring
measures soon. We will then start with the implementation at the beginning
of next year. In addition, we have already started to introduce new products
and solutions in the international markets and have enhanced our sales
initiatives in order to increase sales and achieve positive EBITDA in the
following year.\"

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 19
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 1,200 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 listed in the SDAX 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

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.


30.11.2018 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.

The DGAP Distribution Services include Regulatory Announcements,
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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
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange

End of News DGAP News Service

753299 30.11.2018

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal

Fax +49 561 9522-1133