DGAP-News: Managing Board of SMA Solar Technology AG adjusts earnings guidance for fiscal year 2021

DGAP-News: SMA Solar Technology AG / Key word(s): Change in Forecast
Managing Board of SMA Solar Technology AG adjusts earnings guidance for
fiscal year 2021

12.01.2022 / 21:28
The issuer is solely responsible for the content of this announcement.


SMA Solar Technology AG Corporate News

Managing Board of SMA Solar Technology AG adjusts earnings guidance for
fiscal year 2021

Niestetal, January 12, 2022 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) is adjusting its earnings guidance for fiscal year 2021. This
is due to the ongoing negotiations regarding an existing service agreement
in the area of operation and maintenance services for photovoltaic power
plants (O&M business). Based on the resulting one-off effect, the SMA
Managing Board now expects an EBITDA between €20 million and €30 million for
fiscal year 2021 (previously: €50 million to €65 million).

\"The possible early dissolution of an existing O&M agreement is a unique
case,\" said SMA Chief Executive Officer Jürgen Reinert. \"The reason for the
ongoing negotiations with our customer are defects in some of the solar
parks to be maintained by SMA, which only became apparent after the contract
was concluded. It would only have been possible through unjustifiable
expenses for SMA to fulfil its contractual obligations regarding the
performance of the PV power plants. Accordingly, after thorough
consideration, we have decided to aim for a cancellation agreement in order
to shield SMA from greater damage. Our decision also expresses our
responsible handling of long-term risks for the company as well as our high
quality standards.\"

The Managing Board sees positive medium-term business prospects for SMA:
\"With the SMA strategy 2025 we have created an excellent basis for growth
and to profit from the enormous potential of the accelerating
decarbonization, digitalization, and decentralization of the global power

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 around 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

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805

Press Contact:
Susanne Henkel
Senior Corporate Communications Manager
Tel. +49 561 9522-1124

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

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.


12.01.2022 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.

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1268132

End of News DGAP News Service

1268132 12.01.2022

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

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