Annual General Meeting of SMA Solar Technology AG resolves dividend payout of EUR 1.00

  • Discharge of the Managing Board and Supervisory Board with great majority
  • Chief Financial Officer Reiner Wettlaufer elected into the Supervisory Board
  • Dividends of EUR 1.00 per share resolved


Niestetal, June 10, 2009 - Today the fifth Annual General Meeting of SMA Solar Technology AG took place in the Kongress Palais Kassel. The shareholders agreed with great majority on the discharge of the Managing Board and Supervisory Board and thus expressed their particular satisfaction with the cooperate management and the control committee.

Reiner Wettlaufer, hitherto Chief Financial Officer, was elected into the Supervisory Board by vast majority of more than 99 percent. Reiner Wettlaufer decided not to extend his directorship contract due to his personal life plans, and instead will be a candidate for the Supervisory Board in the Annual General Meeting. Besides Reiner Wettlaufer, both Dr. jur. Erik Ehrentraut and Prof. Dr. Ing. Werner Kleinkauf were once more elected Supervisory Board members of the shareholders. 

Furthermore, the Annual General Meeting resolved to pay out a dividend of EUR 1.00 per share for the fiscal year 2008. Thus, the dividend per share increased by 35 percent compared to the previous year. The dividend will be paid out starting from June 12, 2009. Therewith, 30 percent of the balance sheet profit declared as EUR 109.988.806,50 in SMA annual statement 2008, will be disposed as dividend. Around 70 percent of the balance sheet profit of the corporation will be provided as earnings brought forward.

About 800 shareholders participated in the first Annual General Meeting after the successful IPO of SMA in the previous year.

As guidance for the second quarter, the Managing Board named a sales growth at least 65 percent compared to the first three months of 2009 and affirmed its previous sales expectancy of 145 to 165 million Euros.

The German Managing Board's speech on the Annual General Meeting is available for download at our company's website: <link en investor-relations annual-general-meeting.html _blank external-link-new-window> .

About SMA Solar Technology AG

SMA generated sales of more than EUR 680 million in 2008 and is thus worldwide market leader for photovoltaic inverters, a key component of all photovoltaic solar power plants. The SMA Group is based in Niestetal, near Kassel, and is represented by foreign subsidiaries in ten different countries on four continents. The Group employs a staff of over 3,000 (incl. temporary staff). SMA produces a broad range of inverters, offering the right inverter for every type of photovoltaic module in use and for all sizes of photovoltaic plants. The product range covers both inverters for photovoltaic plants connected to the grid and inverters for off-grid systems. The company has been listed on the Frankfurt Stock Exchange Prime Standard (S92) since June 27, 2008; since September 22, 2008 the company's shares have been listed on the TecDAX. In the past, SMA received a number of awards for its excellence as an employer.

Press Contact:
SMA Solar Technology AG
Sonnenalle 1
34266 Niestetal

Volker Wasgindt
Head of Media and Association Relations
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03

Investor Relations Contact:
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Phone: +49 561 9522-22 22
Fax +49 561 9522-22 23

Anna Raudszus (Institutional Investors/Analysts)
Phone: +49 561 9522-22 22

Julia Damm (Private Investors)
Phone: +49 561 9522-11 64

This press release serves only as information and is not an invitation to purchase, hold or sell shares.
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 executive 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 The company accepts no obligation whatsoever to update these future-oriented statements or to conform them to future events or developments.

The information contained herein is not for publication or distribution in the United States of America, Japan, Canada or Australia.