Ad-hoc | 20 October 2009 11:24
SMA Solar Technology AG / Quarter Results/Change in Forecast
20.10.2009
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- Q3 strongest quarter in SMA's history with EUR 312 million sales
- Sales up to EUR 559 million in first nine months
- EBIT Q1-Q3 rises to c. EUR 120 million
- EBIT margin Q1-Q3 is c. 21.5 %
- SMA increases sales forecast for 2009 to EUR 760 to 810 million
In the third quarter of 2009, SMA Solar Technology AG (FWB: S92) again
recorded a highly positive business performance. Due to the fact that the
quarterly results exceed the expectations SMA already publishes preliminary
key data today. On account of the ongoing strong demand for SMA
photovoltaic inverters in Germany and abroad, sales rose by 38 % to c. EUR
312 million in the third quarter (previous year quarter: EUR 226.7
million).
Consequently, SMA generated an 8 % surge in sales to c. EUR 559 million in
the first nine months of fiscal 2009 (previous year nine months: EUR 519.3
million). The international markets continued to make a key contribution to
total sales in the first nine months.
In the third quarter of 2009, earnings before interest and taxes (EBIT)
amounted to c. EUR 86 million (previous year quarter: EUR 63.1 million).
Accordingly, SMA improved its EBIT in the reporting period January to
September 2009 to c. EUR 120 million (previous year nine months: EUR 131.8
million). The EBIT margin is c. 21.5 % (previous year nine months: 25.4 %).
On the basis of the positive business performance in the third quarter SMA
management increases its sales forecast for fiscal 2009 to EUR 760 to 810
million (previous forecast: EUR 680 to 730 million). Thus management
anticipates an increase in total sales by c. 19 % compared to the previous
year (2008: EUR 681.6 million). The EBIT margin is estimated to be 21.5 %
to 23.5 % (previous forecast: 18 % to 20 %). On November 13, SMA Solar
Technology AG will publish its Quarterly Financial Report for the period
January to September 2009.
Press contact:
SMA Solar Technology AG
Volker Wasgindt
Head of Media and Association Relations
Sonnenallee 1
34266 Niestetal
Germany
Tel. +49 561 9522-11 21
Fax.+49 561 9522-11 03
Volker.Wasgindt@SMA.de
Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Phone: +49 561 9522 1172
Julia Damm (Private Investors)
Phone: +49 561 9522 22 22
Sonnenallee 1
34266 Niestetal
Germany
Tel. +49 561 9522-22 22
Fax.+49 561 9522-22 23
ir@sma.de
Disclaimer:
This document contains forward-looking statements and information - that
is, statements related to future, not past, events. These statements may be
identified by words such as 'expects,' 'looks forward to,' 'anticipates,'
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'will,' 'project' or
words of similar meaning. Such statements are based on our current
expectations and certain assumptions, and are, therefore, subject to
certain risks and uncertainties. A variety of factors, many of which are
beyond SMA's control, affect our operations, performance, business strategy
and results and could cause the actual results, performance or achievements
of SMA to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward-looking
statements. For us, particular uncertainties arise, among others, from
changes in general economic and business conditions (including margin
developments, the legal and regulatory framework, changes in currency
exchange rates and interest rates. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in the
relevant forward-looking statement as expected, anticipated, intended,
planned, believed, sought, estimated or projected. SMA does not intend or
assume any obligation to update or revise these forward-looking statements
in light of developments which differ from those anticipated.
20.10.2009 financial News transmitted by DGAP
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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: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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