2020-02-07

DGAP-News: SMA Solar Technology AG significantly improves sales and earnings in 2019 - Managing Board expects positive trend to continue in 2020

DGAP-News: SMA Solar Technology AG / Key word(s): Preliminary
Results/Forecast
SMA Solar Technology AG significantly improves sales and earnings in 2019 -
Managing Board expects positive trend to continue in 2020

07.02.2020 / 09:00
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG- Corporate News

SMA Solar Technology AG significantly improves sales and earnings in 2019 -
Managing Board expects positive trend to continue in 2020

Niestetal, February 7, 2020 - In 2019, SMA Solar Technology AG (SMA/FWB:
S92) sold PV inverters with a total output of 11.4 GW. Inverter output sold
in the past fiscal year was thus 34% higher than in the previous year (2018:
8.5 GW). According to preliminary calculations by the SMA Managing Board,
sales increased to around €915 million (2018: €760.9 million) and therefore
exceeded the Managing Board's guidance of between €800 million and €880
million. Earnings before interest, taxes, depreciation and amortization
(EBITDA) of expected around €35 million (2018: -€69.1 million) were in line
with the Managing Board's guidance of between €20 million and €50 million.
Depreciation and amortization are expected to be approximately €45 million.
For the 2020 fiscal year, the SMA Managing Board is expecting sales to
increase to between €1.0 billion and €1.1 billion and positive EBITDA of
between €50 million and €80 million.

\"After a difficult 2018, we successfully implemented a range of measures
aimed at reducing costs and increasing sales in 2019,\" said SMA Chief
Executive Officer Jürgen Reinert. \"In the last fiscal year, SMA's inverter
sales exceeded a total output of more than 10 GW for the first time ever. We
regained market shares in our core business and continued SMA's evolution
into a systems and solutions provider by introducing system packages for
private and commercial applications. In the field of the future of storage
technology, we concluded contracts to supply more than 1 GW of battery
inverter power, while our portfolio increased by 50% to 4.5 GW in the area
of operations and maintenance services for large-scale PV power plants. We
will continue along our successful path and expect a further increase in
sales and earnings in 2020.\"

The SMA Managing Board expects sales to increase to between €1.0 billion and
€1.1 billion in 2020. Key stimuli include the ongoing positive market
development expected in Europe and America and the growth of the storage
market. SMA is well positioned to benefit from this market growth and gain
additional market shares. In addition, the Managing Board is implementing
further cost reduction measures. In this context, the SMA Managing Board is
also expecting a significant increase in earnings. According to the Managing
Board estimates, EBITDA will be between €50 million and €80 million in 2020.

At the Capital Markets Day on February 7, the SMA Managing Board will
present the development of the markets and the positioning of the company in
its core business and in key fields of the future. The presentation
containing additional information will be available at
www.sma.de/en/investor-relations/publications from the beginning of the
event. SMA will publish the complete consolidated financial statements for
2019 on March 26, 2020.


About SMA
As a leading global specialist in photovoltaic system technology, the SMA
Group is setting the standards today for the decentralized and renewable
energy supply of tomorrow. SMA's portfolio contains a wide range of
efficient PV inverters, holistic system solutions for PV systems of all
power classes, intelligent energy management systems and battery-storage
solutions as well as complete solutions for PV diesel hybrid applications.
Digital energy services as well as extensive services up to and including
operation and maintenance services for PV power plants round off SMA's
range. SMA inverters with a total output of around 85 gigawatts have been
installed in more than 190 countries worldwide. SMA's multi-award-winning
technology is protected by more than 1,500 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
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
Presse@SMA.de

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Presse@SMA.de

Disclaimer:
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
amended.

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.


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07.02.2020 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
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 970103



End of News DGAP News Service
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970103 07.02.2020

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Fax +49 561 9522-1133