2020-11-12

DGAP-News: SMA Solar Technology AG generates 23% sales growth and positive earnings from January to September 2020 despite coronavirus crisis

DGAP-News: SMA Solar Technology AG / Key word(s): Quarterly / Interim
Statement/9 Month figures
SMA Solar Technology AG generates 23% sales growth and positive earnings
from January to September 2020 despite coronavirus crisis

12.11.2020 / 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 generates 23% sales growth and positive earnings
from January to September 2020 despite coronavirus crisis

Overview of Q1-Q3 2020:

- Inverters with a total output of 10.7 GW sold (Q1-Q3 2019: 7.5 GW)

- Sales increased to €774 million (Q1-Q3 2019: €631 million) and EBITDA to
€41 million (Q1-Q3 2019: €26 million)

- Financial stability thanks to solid equity ratio of 43% (December 31,
2019: 38%)

- Order backlog remains high despite coronavirus crisis at €792 million,
with €332 million attributable to product business

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


Niestetal, November 12, 2020 - From January to September 2020, SMA Solar
Technology AG (SMA/FWB: S92) sold inverters with a total output of around
10.7 GW (Q1-Q3 2019: 7.5 GW). Sales increased by 23% year on year to €774
million (Q1-Q3 2019: €631 million). In addition to a positive sales
development in the Home Solutions and Business Solutions segments, this was
particularly attributable to strong project business. From January to
September 2020, EBITDA amounted to €41 million, considerably higher than the
comparative figure for the previous year (EBITDA margin: 5.4%; Q1-Q3 2019:
€26 million, 4.1%). After the decline in the second quarter as forecast,
incoming orders slightly recovered again in the third quarter.

With €9 million, SMA generated considerably better net income from January
to September 2020 than in the previous year (Q1-Q3 2019: -€11 million).
Earnings per share thus amounted to €0.27 (Q1-Q3 2019: -€0.30). With net
cash of €194 million (December 31, 2019: €303 million) and an equity ratio
of 43% (December 31, 2019: 38%), SMA has a solid balance-sheet structure.

\"The effects of the global coronavirus crisis have also posed major
challenges to SMA over the past nine months,\" said SMA CEO Jürgen Reinert.
\"I am therefore all the more pleased that, in spite of the declining market,
we generated significant growth in sales and earnings and thus gained market
share. This was thanks to both our employees' strong commitment and to
continuous close collaboration with our customers and suppliers. We are
monitoring the development of the coronavirus crisis very closely so that we
can continue to react quickly at all times. As before, the Managing Board
expects SMA to achieve its sales and earnings guidance in the current fiscal
year. In the long term, we see great potential for SMA in the global
restructuring of the economy toward more sustainability and ultimately
climate neutrality. Germany should set a good example. The upcoming
amendment of the Renewable Energy Sources Act must therefore be used to
speed up the urgently needed installation of photovoltaic capacity.
Supporting self-consumption of affordable and clean solar energy by private
and commercial users plays a key role here.\"

The sales and earnings guidance of the Managing Board for fiscal year 2020,
published on February 7, 2020, predicts a sales increase to between €1.0
billion and €1.1 billion and EBITDA between €50 million and €80 million. The
Managing Board believes that SMA is well positioned to gain further market
share even in the current circumstances.

The quarterly statement for January to September 2020 is available online at
www.SMA.de/IR/FinancialReports.

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 95 gigawatts have been
installed in more than 190 countries worldwide. SMA's multi-award-winning
technology is protected by more than 1,600 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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12.11.2020 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: 1147365



End of News DGAP News Service
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1147365 12.11.2020

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Fax +49 561 9522-1133