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 and Supervisory Boards for the 2025 financial year by a clear majority.
In his speech, Jürgen Reinert, CEO of SMA, reflected on a challenging financial year and highlighted the progress made in the company's strategic realignment towards becoming a leading solutions provider. Over the past 18 months, SMA has carried out a comprehensive transformation – faster than originally planned. Its measures to reduce costs, improve efficiency and sharpen strategic focus have already had a clear impact and exceeded their targets.
“The past few years have demanded a lot from us. At the same time, we acted decisively and realigned our company in a short period of time. Today, we can confidently say: Our transformation is nearly complete, and we are in a better position than we have been in years,” said Reinert.
In the 2025 financial year, SMA generated revenue of around €1.5 billion, achieving stable order intake and a significantly positive operating cash flow in a challenging market environment. Significant momentum came in particular from the Large Scale & Project Solutions division, which experienced rising global demand for large-scale energy projects.
The Annual General Meeting took place in a special year for the company. SMA is celebrating its 45th anniversary in 2026. Since its foundation in 1981, SMA has been synonymous with technological innovation, adaptability and a consistent focus on the requirements of the global energy transition. “SMA’s 45-year history shows that we are capable of constantly reinventing ourselves while remaining true to our core values,” Reinert emphasized.
Against this backdrop, the Annual General Meeting welcomed the strategic shift towards becoming a leading provider of integrated energy and system solutions. The focus is on attractive business segments, a holistic approach to solutions, and a scalable and resilient corporate structure. In this way, SMA is strengthening its position as a global technology partner for the energy transition.
For the current financial year, the Managing Board expects revenue to be at the upper end of the forecast range of €1.475 to 1.675 billion, as well as a significant improvement in earnings.
Further information on the Annual General Meeting, including the presentation and the Managing Board’s speech, is available on the SMA Investor Relations website.
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 round off SMA’s range. The SMA PV inverters sold around the world since 2006, with a total output of approximately 156 GW, have helped to avoid greenhouse gas emissions of more than 69 million metric tons of CO2e. This corresponds to avoided environmental costs of approximately €21 billion. 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 on the SDAX and TecDAX indices.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Press Contact
Nina McDonagh
Tel. +49 561 9522 42 5911
Presse@SMA.de
Disclaimer
This press release 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.