2022-03-01

DGAP-News: Management Board of SMA Solar Technology AG expects earnings for 2021 to be below adjusted guidance and presents sales and earnings guidance for 2022

DGAP-News: SMA Solar Technology AG / Key word(s): Preliminary
Results/Forecast
Management Board of SMA Solar Technology AG expects earnings for 2021 to be
below adjusted guidance and presents sales and earnings guidance for 2022

01.03.2022 / 19:09
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG Corporate News

Managing Board of SMA Solar Technology AG expects earnings for 2021 to be
below adjusted guidance and presents sales and earnings guidance for 2022

Niestetal, March 1, 2022 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) expects earnings for 2021 to be below the guidance as
adjusted on January 12, 2022 (EBITDA: €20 million to €30 million). The
background is the pre-contractual agreement on the extraordinary dissolution
of a contract for operation and maintenance (O&M) services for PV power
plants. Based on the resulting increased need for provisions, the Managing
Board anticipates earnings (EBITDA) of about €9 million. The preliminary
result is still subject to the auditor's review. SMA sales amounted to €984
million in 2021.

In addition, the SMA Managing Board today approved the sales and earnings
guidance for 2022. For the current fiscal year, the Managing Board
anticipates sales of between €900 million and €1,050 million and earnings
(EBITDA) of between €10 million and €60 million, particularly due to the
continuing global chip shortage.

\"The global shortage of chips and other electronic components has already
impacted SMA's business development in the second half of 2021\", said SMA
Chief Executive Officer Jürgen Reinert. \"The supply situation remains tight
and will continue to present us with challenges as the year progresses. We
will do everything in our power to service the currently very good order
intake. After overcoming the component shortage, we see excellent growth
prospects for SMA, especially against the background of the intensified
global efforts to curb the climate crisis.\"

SMA will publish the consolidated financial statements for 2021 on March 31,
2022.

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 more than 110 gigawatts have been installed in more than 190 countries
worldwide. SMA's multi-award-winning technology is protected by around 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 in the TecDAX 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
Senior Corporate Communications Manager
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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01.03.2022 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: 1291743



End of News DGAP News Service
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1291743 01.03.2022

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Stimmrechtsmitteilungen@sma.de