Germany’s SMA Solar Technology returned to net profit over nine months and raised the minimum levels of its annual revenue and earnings forecasts. Revenue reached 1,160.7 million euros. Reported earnings benefited from one-off effects, while earnings before interest, tax, depreciation and amortisation excluding those effects declined from the previous year.
Germany’s SMA Solar Technology, which supplies solar-energy systems, narrowed its annual revenue and earnings forecasts to the upper parts of their previous ranges. Revenue is now expected at 1,675–1,725 million euros, against 1,625–1,725 million euros before. The forecast for earnings before interest, tax, depreciation and amortisation, or EBITDA, moved from 180–230 million euros to 205–230 million euros.[1], [2]
Over nine months, revenue reached 1,160.7 million euros and net profit was 98.9 million euros. Reported EBITDA was 146.3 million euros after a 16.9 million euro loss a year earlier. Before one-off effects, however, EBITDA fell from 118.6 million euros to 109.6 million euros. The company identified the use of previously written-down inventory and the release of purchase and personnel provisions among positive earnings effects.[1]
Large Scale project solutions revenue declined 2.6 per cent to 928.8 million euros, and its operating margin narrowed to 14 per cent. Home and Business Solutions revenue increased 27.9 per cent to 231.9 million euros, but that division had an operating loss of 28.9 million euros. Group free cash flow rose from 114.5 million euros to 135.8 million euros.[1]
