2021-02-05

DGAP-News: SMA Solar Technology AG surpasses billion euro mark in sales and doubles operating earnings in 2020 despite coronavirus crisis - Managing Board expects further growth in 2021

DGAP-News: SMA Solar Technology AG / Key word(s): Preliminary
Results/Forecast
SMA Solar Technology AG surpasses billion euro mark in sales and doubles
operating earnings in 2020 despite coronavirus crisis - Managing Board
expects further growth in 2021

05.02.2021 / 10:00
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 surpasses billion euro mark in sales and doubles
operating earnings in 2020 despite coronavirus crisis - Managing Board
expects further growth in 2021

Niestetal, February 5, 2021 - SMA Solar Technology AG (SMA/FWB: S92) sold
inverters with a cumulative output of 14.4 GW in 2020. Inverter output sold
was 26% above the previous year's level (2019: 11.4 GW). In total, SMA thus
has more than 100 GW of installed inverter capacity. According to
preliminary calculations by the SMA Managing Board, sales increased to
around €1,027 million (2019: €915.1 million) and was thus within the
Managing Board's guidance of between €1,000 million and €1,100 million
issued at the start of 2020, despite the coronavirus pandemic. Earnings
before interest, taxes, depreciation and amortization (EBITDA) of expected
about €72 million (2019: €34.2 million) were also in line with the Managing
Board's guidance of between €50 million and €80 million. Depreciation and
amortization are expected to be approximately €44 million. For the 2021
fiscal year, the SMA Managing Board expects sales to increase to between
€1,075 million and €1,175 million and EBITDA to rise to between €75 million
and €95 million.

\"Despite the considerable challenges presented by the coronavirus pandemic,
we achieved the sales and earnings growth forecast at the start of the year
in 2020,\" said SMA Chief Executive Officer Jürgen Reinert. \"Thanks to our
exceptionally dedicated employees and well established IT infrastructure, we
were able to switch seamlessly to working from home. We rapidly implemented
effective precautions against the spread of infection within the company and
worked closely with suppliers and customers. We therefore did not have to
interrupt production for a single day, and neither did we have to claim any
state aid. We sold almost 15 GW of inverter output for the first time in
2020. That corresponds to the power as of 12 nuclear power plants. In total,
more than 100 GW of SMA inverter output has now been installed worldwide.
They contribute to a sustainable and cost-effective energy supply on all
continents. In 2021, we will build on this success, benefit from the
expected positive market development and further increase sales and
earnings.\"

For 2021, the SMA Managing Board anticipates that sales will grow to between
€1,075 million and €1,175 million. Key stimuli behind this will include the
expected continuing growth of the PV market in Europe and America as well as
the global storage market. SMA is well positioned to benefit from these
developments and consolidate its market position. In addition, the Managing
Board is driving the ongoing development of its product range toward
creating a system landscape for decentralized energy supply as part of the
SMA Strategy 2025. The Managing Board is convinced that lower production
costs and the leveraging of economies of scale accompanied by price declines
leveling off will bolster SMA's profitability, which will also be supported
by the portfolio streamlining that has already begun, focusing on
higher-margin products and systems. Against this background, the SMA
Managing Board anticipates growth in EBITDA to between €75 million and €95
million for 2021.

At today's Capital Markets Day, the SMA Managing Board will present the
development of the markets and the company's positioning and strategy in its
core business and in key fields of the future. The presentation containing
additional information can be found at www.sma.de/en/investor-relations from
the beginning of the event. SMA will publish the complete consolidated
financial statements for 2020 on March 25, 2021.

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 more than 100 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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05.02.2021 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: 1166146



End of News DGAP News Service
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1166146 05.02.2021

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Stimmrechtsmitteilungen@sma.de