2022-05-31

DGAP-News: Annual General Meeting of SMA Solar Technology AG grants full discharge to the Managing Board and Supervisory Board with a clear majority

DGAP-News: SMA Solar Technology AG / Key word(s): AGM/EGM
Annual General Meeting of SMA Solar Technology AG grants full discharge to
the Managing Board and Supervisory Board with a clear majority

31.05.2022 / 15:48
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG Corporate News

Annual General Meeting of SMA Solar Technology AG grants full discharge to
the Managing Board and Supervisory Board with a clear majority

Niestetal, May 31, 2022 – At today‘s Annual General Meeting, which was held
online, the shareholders of SMA Solar Technology AG (SMA/FWB: S92) granted
full discharge to the Managing Board and Supervisory Board for the 2021
fiscal year with clear majorities of over 98% and over 95%, respectively.
The remaining items on the agenda also received the approval of a majority
of shareholders. About 80 shareholders attended the digital 2022 Annual
General Meeting of SMA Solar Technology AG, and 76% of those with voting
rights were present.

The Annual General Meeting accepted the proposal of the Managing Board and
Supervisory Board that no dividend be distributed for the 2021 fiscal year.
SMA achieved sales of €983.7 million and earnings before interest, taxes,
depreciation and amortization (EBITDA) of €8.7 million in 2021. The effects
of the global coronavirus pandemic posed considerable challenges to the
company in the past fiscal year. In the second half of the year, the
strained situation with the supply of electronic chips worsened
significantly once more and impaired business performance considerably. In
addition, a one-time item owing to an onerous contract in the area of
operation and maintenance services for PV power plants impacted the result.

In the first quarter of 2022, SMA’s sales came to €221 million. Earnings
before interest, taxes, depreciation and amortization (EBITDA) amounted to
€15 million. “The shortage of electronic components continued to
significantly restrict our delivery capacity in the first quarter of this
year,” explained SMA Chief Executive Officer Jürgen Reinert. “In addition,
high module prices and limited module availability mean that projects in the
large-scale PV power plant segment are being postponed. At the same time, we
have recorded the highest order intake for ten years and currently have a
very high order backlog. We expect the supply situation to ease slightly in
the second half of the year and anticipate that we will be able to book most
of the product-related order backlog as sales by the end of the year. Once
the chip shortage has been overcome, all the signs are pointing toward
growth for us. The medium- to long-term prospects for renewable energies
could not be better. That is what we have been focusing on with our Strategy
2025, through which we are evolving into a sustainable energy transition
company with customer-focused solutions for all key areas of the energy
transition. We are focusing on the growth segments of energy management,
e-mobility and green hydrogen in addition to our core business of
photovoltaics and storage systems.”

Against this backdrop, the SMA Managing Board is confirming its sales and
earnings guidance for the 2022 fiscal year, which was published for the
first time on March 1, 2022. It forecasts sales of between €900 million and
€1,050 million and EBITDA of between €10 million and €60 million. The
Managing Board currently sees no threat to the guidance due to the war in
Ukraine. A conclusive assessment is currently not possible.

The presentation and the speech given by the Managing Board, along with
further information on the Annual General Meeting, can be found online at
www.sma.de/en/investor-relations/annual–general-meeting.


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 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
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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31.05.2022 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: 1365405



End of News DGAP News Service
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1365405 31.05.2022

Contact for Voting Rights Notifications

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

Stimmrechtsmitteilungen@sma.de