DGAP-Adhoc: SMA Solar Technology AG: Management Board of SMA Solar Technology AG lowers revenue and earnings forecast for 2018 - outlook for 2019 unchanged

2018. november 30., péntek, 12:39





DGAP-Ad-hoc: SMA Solar Technology AG / Key word(s): Change in Forecast


SMA Solar Technology AG: Management Board of SMA Solar Technology AG lowers revenue and earnings forecast for 2018 - outlook for 2019 unchanged


30-Nov-2018 / 12:39 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Niestetal, 30 November 2018 - Contrary to expectations, the decline in business recorded since September of this year continued in November. The Managing Board of SMA Solar Technology AG therefore expects revenues of only EUR 760 million to EUR 780 million for 2018 (previously EUR 800 million to EUR 850 million). The increasing necessary restructuring measures and additional one-off effects will have a further impact on earnings in 2018. The Management Board expects negative EBITDA in the mid to upper double-digit million Euro range (previously: balanced to slightly negative EBITDA). For 2019, the Management Board continues to expect sales to grow and EBITDA to be positive.



 






Contact:

Ulrich Hadding

Chief Financial Officer



Information and Explanation of the Issuer to this News:

About SMA

The SMA Group with sales of around EUR900 million in 2017 is a global leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management and digital energy solutions, comprehensive services and operational management of PV power plants round off SMA"s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 19 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA"s multi-award-winning technology is protected by more than 1,200 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 SDAX index.





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Language: English
Company: SMA Solar Technology AG

Sonnenallee 1

34266 Niestetal

Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




753257  30-Nov-2018 CET/CEST







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