15.09.2010

Managing Board increases financial guidance for 2010 again and announces outlook for 2011


SMA Solar Technology AG / Key word(s): Change in Forecast

15.09.2010 11:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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* SMA raises its estimation for the global photovoltaics(PV)-market 2010
to ca. 17 gigawatts (GW)
* Managing Board increases its financial guidance for 2010 again to now
EUR 1.7 to 1.9 billion in sales and an EBIT-margin of 26.5 % to 28.5 %
* With regard to 2011, the Managing Board anticipates a global PV-market
growth of up to 20 % but cannot rule out a slight market decrease
* For 2011, the Managing Board expects EUR 1.5 to 1.9 billion in sales and
an reduced EBIT-margin of 21 % to 25 %

The Managing Board of SMA Solar Technology AG (FWB: S92) raises its
estimation for the globally new installed PV-power in 2010 to now ca. 17 GW
(previous assumption: up to 14 GW). Germany remains the largest PV-market
worldwide having a size of ca. 8 GW. South European markets and the United
States fuel growth abroad. The Managing Board estimates SMA's worldwide
market share in 2010 to be above 40 %.

Hence, SMA's Managing Board increases its financial guidance for 2010 a
second time to now EUR 1.7 to 1.9 billion in sales and an EBIT-margin of
26.5 % to 28.5 % (previous guidance dated July 6, 2010: EUR 1.5 to 1.8
billion in sales and an EBIT-margin of 24 % to 27 %). Investments in 2010
will raise from the estimated EUR 160 million to ca. EUR 210 million.

Predicting the development of the global demand for PV-systems in 2011 is
very difficult due to the expected changes in certain national subsidy
programs. Holding a worldwide market share of more than 40 %, SMA is
directly linked to global market development. SMA is well positioned for
various market scenarios.
Given the strong growth rates in 2010, the Managing Board expects changing
growth dynamics in 2011. For 2011, the Managing Board assumes a growth of
globally newly installed PV-power of up to 20 %. At the same time, the
Managing Board cannot rule out a slight market decrease of up to 10 %.
According to the Managing Board, foreign markets - in particular the United
States and Italy - will gain in importance considerably in 2011. SMA has
been represented with own subsidiaries in these growth markets for many
years.

For financial year 2011, SMA's Managing Board expects EUR 1.5 to 1.9
billion in sales. The EBIT-margin is expected to be between 21 % and 25 %.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany


Press Contact:

Volker Wasgindt
Head of Press and Association Work
Tel. +49 561 9522-11 21
Fax.+49 561 9522-11 03
Volker.Wasgindt@SMA.de


Contact Investor Relations:

Anna Raudszus (Institutional Investors/Research Analysts)
Director Investor Relations
Tel. +49 561 9522-22 22
Fax.+49 561 9522-22 23
ir@sma.de
Julia Damm (Retail Investors)
Tel. +49 561 9522-11 64

Disclaimer:
This announcement 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 announcement 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 www.SMA.de. The company accepts no
obligation whatsoever to update these future-oriented statements or to
adjust them to future events or developments.


15.09.2010 11:18 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Deutschland
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: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Berlin, Düsseldorf, Stuttgart

End of Announcement DGAP News-Service

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Kontakt

SMA Solar Technology AG

Investor Relations
Sonnenallee 1
34266 Niestetal
Germany

ir@sma.de