2020-05-14

DGAP-News: SMA Solar Technology AG increases sales considerably in the first quarter of 2020 and makes profit again

DGAP-News: SMA Solar Technology AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
SMA Solar Technology AG increases sales considerably in the first quarter of
2020 and makes profit again

14.05.2020 / 07:00
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 increases sales considerably in the first quarter of
2020 and makes profit again

Overview Q1 2020:

- Inverter output sold more than doubled at 4.4 GW (Q1 2019: 1.8 GW)

- Sales increased to €288 million (Q1 2019: €168 million) and EBITDA to €12
million (Q1 2019: €1 million)

- Financial stability thanks to solid equity ratio of 40% (December 31,
2019: 38%)

- High order backlog of €797 million, of which €376 million is attributable
to the product business

- Managing Board confirms its sales and earnings guidance for the 2020
fiscal year


Niestetal, May 14, 2020 - In the first quarter of 2020, SMA Solar Technology
AG (SMA/FWB: S92) sold PV inverters with a total output of around 4.4 GW (Q1
2019: 1.8 GW). Sales increased by 72% compared with the first three months
of the previous year to €288 million (Q1 2019: €168 million). The growth is
mainly the result of the strong project business in the U.S. and the ongoing
positive trade business in Europe. From January to March 2020, EBITDA
amounted to €12 million, considerably higher than the comparative figure for
the previous year (EBITDA margin: 4.3%; Q1 2019: €1 million, 0.4%). Order
intake developed positively in all segments in the first quarter.

Net income broke even in the first quarter of 2020 (Q1 2019: -€11 million).
Earnings per share thus amounted to -€0.01 (Q1 2019: -€0.30). With net cash
of €243 million (December 31, 2019: €303 million) and an equity ratio of
40.3% (December 31, 2019: 37.6%), SMA continues to have a solid
balance-sheet structure.

\"SMA made a good start to 2020,\" said SMA CEO Jürgen Reinert. \"We increased
sales and earnings considerably in the first quarter and generated positive
EBIT of €1.6 million. Order intake also continued to develop very well at
€330 million in the first three months of the year. Through active
management and process adjustments, we have maintained our supply chain and
our production capacity in the coronavirus crisis and suffered only minor
supply shortages. The sales and product-related order backlog of the first
quarter already cover over 60% of the Managing Board's sales guidance for
the 2020 fiscal year. On this basis, we continue to assume that we will meet
our sales and earnings targets and increase our market shares in key target
markets.\"

Despite the current coronavirus crisis, the SMA Managing Board is confirming
its sales and earnings guidance for the 2020 fiscal year published on
February 7, 2020. It predicts a sales increase to between €1.0 billion and
€1.1 billion. SMA is well positioned to gain market shares even in the
current circumstances. In addition, the Managing Board is implementing
further cost reduction measures. In this context, the SMA Managing Board is
still expecting an increase in EBITDA of between €50 million and €80
million.

The quarterly statement for January to March 2020 can be found at
www.SMA.de/IR/FinancialReports. SMA's Annual General Meeting will be held on
June 4, 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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14.05.2020 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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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: 1044275



End of News DGAP News Service
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1044275 14.05.2020

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Fax +49 561 9522-1133