Corporate | 8 November 2012 07:00
|
SMA Solar Technology AG / Key word(s): Quarter Results
SMA Solar Technology AG Corporate News Results for the Period of January to September 2012: SMA Solar Technology AG Increases Volume and Achieves Sales at the Level of the Previous Year Highlights Q1-Q3 2012: – Inverter output sold increased by 9.5 percent to 5.9 gigawatts (Q1-Q3 2011: 5.4 GW) – Sales remained consistent at EUR 1.2 billion (Q1-Q3 2011: EUR 1.2 billion) – Gross foreign sales of EUR 659.7 million remained at the level of the previous year (Q1-Q3 2011: EUR 656 million) – Earnings before interest and taxes (EBIT) of EUR 116 million (Q1-Q3 2011: EUR 178.3 million) – Financial independence – net liquidity of EUR 425.8 million (Dec. 31, 2011: EUR 473.3 million) – Managing Board confirms sales and earnings forecast for the fiscal years 2012 and 2013 Niestetal, November 8, 2012 – SMA Solar Technology AG (SMA/FWB: S92) achieved further increases in volume in the third quarter 2012. From January to September 2012 the company sold PV inverters with a total output of 5.9 gigawatts. This equates to an increase of 9.5 percent in a year-on-year comparison (Q1-Q3 2011: 5.4 GW). SMA Group sales reached the level of the previous year at EUR 1.196 billion (Q1-Q3 2011: EUR 1.192 billion). Gross foreign sales for the first nine months of the year also remained consistent at EUR 659.7 million (Q1-Q3 2011: EUR 656 million). Developments in the first nine months of the year were characterized by subsidy cuts in Europe and foreign growth.
Earnings before interest and taxes (EBIT) for the first to third quarters of 2012 was EUR 116 million
The SMA Managing Board confirms the sales and earnings forecast for 2012. It predicts an operating profit (EBIT) of EUR 100 million to EUR 150 million on sales of EUR 1.3 billion to EUR 1.5 billion. This corresponds to an EBIT margin of 8 percent to 10 percent. Due to massive subsidy cuts for photovoltaics in Europe, the SMA Managing Board is anticipating a noticeable decrease in demand and growing price pressure for 2013 and is projecting sales of between EUR 900 million and EUR 1.3 billion and a break-even result in the best case scenario. SMA has adapted to the changes in the market and competitive conditions in photovoltaics as well as laid the groundwork over the last few months, especially in the business areas of Purchasing and Development, for the further reduction of production costs and the entry to the 2014 market with completely new product platforms. 'Especially considering an expected steep drop in demand in the next year, it is important for us that we can finance investments in the development of future technologies of strategic importance from our own resources. Important growth impulses come from applications in which photovoltaics is the more cost-effective solution in comparison with conventional energy sources. Here we will set ourselves apart from our competitors with technological innovations for the regulation of solar-diesel hybrid systems, intelligent energy management for the optimization of self-consumption as well as system solutions for large-scale PV plants. Our strong international service and sales structure is a further competitive advantage,' says SMA Speaker of the Managing Board Pierre-Pascal Urbon. You can find the quarterly financial report for January to September 2012 at www.SMA.de/IR/FinancialReports. In addition, a video statement by the Speaker of the Managing Board can be found on the blog www.SMA-Sunny.com.
About SMA
SMA Solar Technology AG
Head of Corporate Communications:
Press contact:
Investor Relations contact:
Disclaimer:
This corporate news 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. End of Corporate News 08.11.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
| End of News | DGAP News-Service |
|
|
| 192124 08.11.2012 |