SMA Solar Technology AG: Supply difficulties negatively influence gross sales and outcomes of SMA within the first half of 2022. Order consumption continues to develop positively – Marketscreener.com

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DGAP-News: SMA Solar Technology AG

/ Key phrase(s): Half Year Report

SMA Solar Technology AG: Supply difficulties negatively influence gross sales and outcomes of SMA within the first half of 2022. Order consumption continues to develop positively

11.08.2022 / 07:00
The issuer is solely chargeable for the content material of this announcement.

SMA Solar Technology AG Corporate News

 

Supply difficulties negatively influence gross sales and outcomes of SMA within the first half of 2022. Order consumption continues to develop positively

 

Overview of H1 2022:

  • Sales of €472 million (H1 2021: €488 million)
  • 5.8 GW inverter output bought (H1 2021: 6.8 GW)
  • Earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) decreased to €16 million (H1 2021: €38 million)
  • Equity ratio stays excessive at 39.1% (December 31, 2021: 39.0%)
  • Managing Board confirms gross sales and earnings forecast for fiscal 12 months 2022

 

Niestetal, August 11, 2022 – SMA Solar Technology AG (SMA/FWB: S92) generated earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) of €16.0 million within the first half of 2022 (EBITDA margin: 3.4%; H1 2021: €38.0 million, 7.8%). The order consumption stays very excessive. The persistent provide difficulties for digital parts proceed to have an effect on the event of the corporate’s gross sales and earnings. Between January and June 2022, the SMA group bought inverters with a complete power of roughly 5.8 GW and generated €471.9 million in gross sales (H1 2021: €488.3 million). Sales have been decrease 12 months on 12 months within the Home Solutions section as a result of the excessive demand couldn’t be glad because of the scarcity of supplies. Sales within the Commercial & Industrial Solutions and Large-Scale Project Solutions segments remained on the stage of the earlier 12 months because of provide difficulties and challenge postponements on account of elevated costs.

Net revenue fell to -€10.6 million (H1 2021: €13.3 million). Earnings per share thus dropped to -€0.31 (H1 2021: €0.38). Net money decreased to €176.3 million (December 31, 2021: €221.7 million). At 39.1%, the fairness ratio remained on the identical stage as on the finish of the earlier 12 months (December 31, 2021: 39.0%). In addition, SMA has a credit score line of €100 million from home banks.

 

“Demand for future-oriented solar and energy solutions remains high and our order intake is developing positively,” mentioned SMA Chief Executive Officer Jürgen Reinert. “But the continued extremely strained provide state of affairs is taking a major toll on the event of gross sales and earnings. As in quite a few different industries, the difficulties regarding the provision of digital parts are additionally affecting European inverter producers, illustrating as soon as once more the dependency of worldwide provide chains on the Asian markets. We have due to this fact initiated a collection of measures to enhance our long-term potential to ship.

As a outcome, we’re at present anticipating an enchancment within the provide state of affairs within the second half of the 12 months in contrast with the primary half. We expect a major enchancment of the general state of affairs and worthwhile gross sales development from 2023 onwards. We are getting ready for this by constructing a brand new gigawatt manufacturing unit on the Kassel web site and consequently doubling our manufacturing capability by 2024.”

 

The SMA Managing Board confirms its gross sales and earnings steering for the 2022 fiscal 12 months as revealed on March 1, 2022. It forecasts gross sales of between €900 million and €1,050 million and earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) of between €10 million and €60 million.

 

The Half-Yearly Financial Report for January to June 2022 is accessible on-line at www.SMA.de/IR/FinancialReports.

 

 

About SMA

As a number one international specialist in photovoltaic and storage system expertise, the SMA Group is setting the requirements at the moment for the decentralized and renewable energy provide of tomorrow. SMA’s portfolio comprises a variety of environment friendly PV and battery inverters, holistic system options for PV and battery-storage methods of all power lessons, clever energy administration methods and charging options for electrical automobiles and power-to-gas purposes. Digital energy providers in addition to in depth providers as much as and together with operation and upkeep providers for PV power crops spherical off SMA’s vary. SMA inverters with a complete output of greater than 115 gigawatts have been put in in additional than 190 international locations worldwide. SMA’s multi-award-winning expertise is protected by greater than 1,700 patents and utility fashions. Since 2008, the Group’s father or mother firm, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is listed within the TecDAX index and SDAX index.

 

 

SMA Solar Technology AG

Sonnenallee 1

34266 Niestetal

Germany

 

Head of Corporate Communications:

Anja Jasper

Tel. +49 561 9522-2805

Presse@SMA.de

 

Press Contact:

Susanne Henkel

Senior Corporate Communications Manager

Tel. +49 561 9522-1124

Presse@SMA.de

 

Disclaimer:

This company information serves solely as info and doesn’t represent a suggestion or invitation to subscribe for, purchase, maintain or promote any securities of SMA Solar Technology AG (the “Company”) or any current or future subsidiary of the Company (along with the Company, the “SMA Group”) nor ought to it type the premise of, or be relied upon in reference to, any contract to buy or subscribe for any securities within the Company or any member of the SMA Group or dedication in any respect. Securities might not be provided or bought within the United States of America absent registration or an exemption from registration underneath the U.S. Securities Act of 1933, as amended.

 

This company information can include future-oriented statements. Future-oriented statements are statements which don’t describe details of the previous. They additionally embody statements about our assumptions and expectations. These statements are primarily based on plans, estimations, and forecasts which the Managing Board of SMA Solar Technology AG (SMA or firm) has obtainable at the moment. Future-oriented statements are due to this fact solely legitimate on the day on which they’re made. Future-oriented statements by nature include dangers and components of uncertainty. Various recognized and unknown dangers, uncertainties and different elements can result in appreciable variations between the precise outcomes, the monetary place, the event or the efficiency of the company and the estimates given right here. These elements embody these which SMA has mentioned in revealed experiences. These experiences can be found on the SMA web site at www.SMA.de. The firm accepts no obligation in any respect to replace these future-oriented statements or to regulate them to future occasions or developments.

 

 

 

 

 

11.08.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely chargeable for the content material of this announcement.

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