2021-11-10

DGAP-News: SMA Solar Technology AG considerably increases earnings in first nine months of year despite shortage of materials, Managing Board anticipates significant sales growth for 2022

DGAP-News: SMA Solar Technology AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
SMA Solar Technology AG considerably increases earnings in first nine months
of year despite shortage of materials, Managing Board anticipates
significant sales growth for 2022

10.11.2021 / 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 considerably increases earnings in first nine months
of year despite shortage of materials, Managing Board anticipates
significant sales growth for 2022

Overview of Q1-Q3 2021:

- 10.3 GW inverter output sold (Q1-Q3 2020: 10.7 GW)

- Sales of €745 million (Q1-Q3 2020: €774 million)

- Earnings before interest, taxes, depreciation and amortization (EBITDA)
increased to €53 million
(Q1-Q3 2020: €41 million)

- Equity ratio still high at 43% (December 31, 2020: 42%)

- Managing Board confirms adjusted sales and earnings guidance for fiscal
year 2021


Niestetal, November 10, 2021 - SMA Solar Technology AG (SMA/FWB: S92)
generated earnings before interest, taxes, depreciation and amortization
(EBITDA) of €52.9 million (EBITDA margin: 7.1%) from January to September
2021. The company thus significantly increased its profitability compared to
the same period of the previous year (Q1-Q3 2020 EBITDA: €41.4 million,
EBITDA margin: 5.4%). Between January and September 2021, SMA sold inverters
with a total power of approximately 10.3 GW and generated €744.9 million in
sales (Q1-Q3 2020: €773.6 million). The slight decline in sales year on year
is attributable to the Business Solutions segment, where small and
medium-sized businesses were still reluctant to invest in the first few
months of the year due to the continuing uncertainties surrounding the
coronavirus pandemic. By contrast, the Home Solutions and Large Scale &
Project Solutions segments recorded an increase in sales despite the current
shortage of components.

Net income increased significantly to €15.3 million (Q1-Q3 2020: €9.2
million). Earnings per share thus increased to €0.44 (Q1-Q3 2020: €0.27).
Net cash decreased to €169.0 million (December 31, 2020: €226.0 million).
This is due in particular to increased stockpiling as a result of the
general shortage of materials and the strong project pipeline in the Large
Scale & Project Solutions segment. The equity ratio of 43.1% was slightly
higher than at the end of the previous year (December 31, 2020: 41.8%). In
addition, SMA has a credit line of €100 million from domestic banks.

\"SMA posted a sound business performance in the third quarter of 2021,\" said
SMA CEO Jürgen Reinert. \"However, sales and earnings fell short of our
original expectations due to the considerably tighter supply situation for
electronic components and project delays in the Large Scale & Project
Solutions segment. These effects will also impact the business performance
in the fourth quarter. The Managing Board therefore adjusted its sales and
earnings guidance for the current fiscal year in September. At the same
time, order intake is developing very well, and we will start off with a
high order backlog next year, for which we anticipate significant sales
growth overall.\"

The SMA Managing Board confirms its sales and earnings guidance for fiscal
year 2021 as adjusted on September 6, 2021, which forecasts sales of between
€980 million and €1,030 million (previously: €1,075 million to €1,175
million) and EBITDA of €50 million to €65 million (previously: €75 million
to €95 million).

The quarterly statement for January to September 2021 can be found at
www.SMA.de/IR/FinancialReports.


About SMA
As a leading global specialist in photovoltaic and storage 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 and battery inverters, holistic system
solutions for PV and battery-storage systems of all power classes,
intelligent energy management systems and charging solutions for electric
vehicles and power-to-gas 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 approximately 110 gigawatts have been installed in more than 190
countries worldwide. SMA's multi-award-winning technology is protected by
approximately 1,700 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 on the TecDAX
index.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

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

Press Contact:
Susanne Henkel
Senior Corporate Communications Manager
Phone: +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 that the Managing Board of SMA
Solar Technology AG (SMA or Company) has available at this time.
Future-oriented statements are therefore valid only 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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10.11.2021 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.

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, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1247585



End of News DGAP News Service
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1247585 10.11.2021

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Stimmrechtsmitteilungen@sma.de