2021-09-06

DGAP-News: Managing Board of SMA Solar Technology AG adjusts forecast for the current fiscal year

DGAP-News: SMA Solar Technology AG / Key word(s): Change in Forecast
Managing Board of SMA Solar Technology AG adjusts forecast for the current
fiscal year

06.09.2021 / 15:57
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 adjusts forecast for the current
fiscal year

Niestetal, September 6, 2021 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) is adjusting its sales and earnings forecast for the current
fiscal year. For 2021, the SMA Managing Board expects sales between €980
million and €1030 million (previously: €1075 million to €1175 million) and
EBITDA between €50 million and €65 million (previously: €75 million and €95
million). The background to this is the undersupply of electronic components
currently affecting the entire electronics industry.

\"Due to the latest cancellations of firmly promised delivery quantities, the
situation has also worsened significantly for SMA in the short term,
contrary to expectations. We are also seeing that project developers and
investors are postponing the implementation of larger PV projects until the
following year,\" says Chief Executive Officer Jürgen Reinert. \"We are in
intensive contact with our partners on the supplier side in order to develop
suitable solutions to secure deliveries and to compensate for delivery
delays as far as possible in the coming weeks as well. We continue to expect
sales in the second half of the year to be higher than in the first half,
but in our estimation to remain below the most recently forecast level.\"

According to Reinert, on the other hand, the very good medium-term business
prospects for SMA have not changed: \"As part of the SMA Strategy 2025, we
are successfully driving forward the further development of the product
portfolio towards a system landscape for decentralized energy supply. SMA
has positioned itself strategically very well to benefit from the expected
global growth of the PV as well as the global storage market and to
consolidate its market position.\"

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 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 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
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 press release 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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06.09.2021 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: 1231495



End of News DGAP News Service
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1231495 06.09.2021

SMA Solar Technology AG
Press office
Sonnenallee 1
34266 Niestetal - Germany

Telephone: +49 561 9522-1124
Fax: +49 561 9522-421400

press@SMA.de