“The distinct changes in subsidy conditions in important European photovoltaic markets were already having an impact on demand for our inverters in the third quarter,” explained Pierre-Pascal Urbon. The SMA Managing Board is forecasting sales of €330 to €360 million with an EBIT of €20 to €35 million (EBIT margin: 6–10%) for the third quarter 2012.
Demand drivers in the solar industry are changing rapidly. “The photovoltaic markets are shifting from a subsidized model to independent energy supply. In the long term, this means a promising outlook for photovoltaics. In the short and medium term, however, the changes in the business environment present major challenges to the entire solar sector,” said Urbon. “A reliable forecast for the following years is, therefore, not possible at this time.”
Attendees of the Capital Markets Day could convince themselves at SMA's booth at the EU PVSEC that the company has the proper solutions to key future issues at hand. There SMA presented, among other things, high-tech innovations for intelligent energy management and solutions for the control of solar diesel hybrid systems in sunny countries. “SMA is represented in 21 countries around the world. With our global sales and service infrastructure, our innovative products and our financial strength, we are well prepared to keep up with the rapid changes in the industry and to profit long term from the worldwide potential for photovoltaics, even under changed framework conditions,” emphasized Pierre-Pascal Urbon.
The SMA Group generated sales of €1.7 billion in 2011 and is the global market leader for solar inverters, a key component of all PV plants and, as an energy management group, offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 21 countries on six continents. The Group employs more than 5,500 people worldwide, plus a number of temporary employees that varies on a seasonal basis. SMA’s broad product portfolio includes a compatible inverter for every type of module on the market and for all plant sizes. The product range includes both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. SMA is therefore able to provide ideal technical inverter solutions for all plant sizes and types. 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 also in the TecDAX index. In recent years, SMA has received numerous awards for excellence as an employer and achieved first place in the nationwide “Great Place to Work®” competition in 2011 and 2012.
SMA Solar Technology AG
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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.
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