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SMA SOLAR TECHNOLOGY AG SMA SOL (0NIF.IL)

IOB - IOB Delayed price. Currency in EUR
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47.02-1.49 (-3.07%)
As of 1:26PM BST. Market open.
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Previous close48.51
Open48.44
Bid46.20 x 0
Ask48.56 x 0
Day's range47.00 - 48.66
52-week range24.58 - 70.85
Volume548
Avg. volume27,190
Market capN/A
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
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  • EQS Group

    SMA Solar Technology AG surpasses billion euro mark in sales and doubles operating earnings in 2020 despite coronavirus crisis - Managing Board expects further growth in 2021

    DGAP-News: SMA Solar Technology AG / Key word(s): Preliminary Results/Forecast05.02.2021 / 10:00 The issuer is solely responsible for the content of this announcement.SMA Solar Technology AG Corporate NewsSMA Solar Technology AG surpasses billion euro mark in sales and doubles operating earnings in 2020 despite coronavirus crisis - Managing Board expects further growth in 2021Niestetal, February 5, 2021 - SMA Solar Technology AG (SMA/FWB: S92) sold inverters with a cumulative output of 14.4 GW in 2020. Inverter output sold was 26% above the previous year's level (2019: 11.4 GW). In total, SMA thus has more than 100 GW of installed inverter capacity. According to preliminary calculations by the SMA Managing Board, sales increased to around €1,027 million (2019: €915.1 million) and was thus within the Managing Board's guidance of between €1,000 million and €1,100 million issued at the start of 2020, despite the coronavirus pandemic. Earnings before interest, taxes, depreciation and amortization (EBITDA) of expected about €72 million (2019: €34.2 million) were also in line with the Managing Board's guidance of between €50 million and €80 million. Depreciation and amortization are expected to be approximately €44 million. For the 2021 fiscal year, the SMA Managing Board expects sales to increase to between €1,075 million and €1,175 million and EBITDA to rise to between €75 million and €95 million."Despite the considerable challenges presented by the coronavirus pandemic, we achieved the sales and earnings growth forecast at the start of the year in 2020," said SMA Chief Executive Officer Jürgen Reinert. "Thanks to our exceptionally dedicated employees and well established IT infrastructure, we were able to switch seamlessly to working from home. We rapidly implemented effective precautions against the spread of infection within the company and worked closely with suppliers and customers. We therefore did not have to interrupt production for a single day, and neither did we have to claim any state aid. We sold almost 15 GW of inverter output for the first time in 2020. That corresponds to the power as of 12 nuclear power plants. In total, more than 100 GW of SMA inverter output has now been installed worldwide. They contribute to a sustainable and cost-effective energy supply on all continents. In 2021, we will build on this success, benefit from the expected positive market development and further increase sales and earnings."For 2021, the SMA Managing Board anticipates that sales will grow to between €1,075 million and €1,175 million. Key stimuli behind this will include the expected continuing growth of the PV market in Europe and America as well as the global storage market. SMA is well positioned to benefit from these developments and consolidate its market position. In addition, the Managing Board is driving the ongoing development of its product range toward creating a system landscape for decentralized energy supply as part of the SMA Strategy 2025. The Managing Board is convinced that lower production costs and the leveraging of economies of scale accompanied by price declines leveling off will bolster SMA's profitability, which will also be supported by the portfolio streamlining that has already begun, focusing on higher-margin products and systems. Against this background, the SMA Managing Board anticipates growth in EBITDA to between €75 million and €95 million for 2021.At today's Capital Markets Day, the SMA Managing Board will present the development of the markets and the company's positioning and strategy in its core business and in key fields of the future. The presentation containing additional information can be found at www.sma.de/en/investor-relations from the beginning of the event. SMA will publish the complete consolidated financial statements for 2020 on March 25, 2021.About SMA As a leading global specialist in photovoltaic system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA's portfolio contains a wide range of efficient PV inverters, holistic system solutions for PV systems of all power classes, intelligent energy management systems and battery-storage solutions as well as complete solutions for PV diesel hybrid applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA's range. SMA inverters with a total output of more than 100 gigawatts have been installed in more than 190 countries worldwide. SMA's multi-award-winning technology is protected by more than 1,600 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.SMA Solar Technology AGSonnenallee 134266 NiestetalGermanyHead of Corporate Communications:Anja JasperTel. +49 561 9522-2805Presse@SMA.dePress Contact:Susanne HenkelManager Corporate PressTel. +49 561 9522-1124Presse@SMA.deDisclaimer:This corporate news serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.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.05.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1166146 End of News DGAP News Service

  • EQS Group

    SMA Solar Technology AG generates 23% sales growth and positive earnings from January to September 2020 despite coronavirus crisis

    DGAP-News: SMA Solar Technology AG / Key word(s): Quarterly / Interim Statement/9 Month figures12.11.2020 / 07:00 The issuer is solely responsible for the content of this announcement.SMA Solar Technology AG corporate newsSMA Solar Technology AG generates 23% sales growth and positive earnings from January to September 2020 despite coronavirus crisisOverview of Q1-Q3 2020:- Inverters with a total output of 10.7 GW sold (Q1-Q3 2019: 7.5 GW)- Sales increased to €774 million (Q1-Q3 2019: €631 million) and EBITDA to €41 million (Q1-Q3 2019: €26 million) - Financial stability thanks to solid equity ratio of 43% (December 31, 2019: 38%) - Order backlog remains high despite coronavirus crisis at €792 million, with €332 million attributable to product business- Managing Board confirms sales and earnings guidance for fiscal year 2020Niestetal, November 12, 2020 - From January to September 2020, SMA Solar Technology AG (SMA/FWB: S92) sold inverters with a total output of around 10.7 GW (Q1-Q3 2019: 7.5 GW). Sales increased by 23% year on year to €774 million (Q1-Q3 2019: €631 million). In addition to a positive sales development in the Home Solutions and Business Solutions segments, this was particularly attributable to strong project business. From January to September 2020, EBITDA amounted to €41 million, considerably higher than the comparative figure for the previous year (EBITDA margin: 5.4%; Q1-Q3 2019: €26 million, 4.1%). After the decline in the second quarter as forecast, incoming orders slightly recovered again in the third quarter.With €9 million, SMA generated considerably better net income from January to September 2020 than in the previous year (Q1-Q3 2019: -€11 million). Earnings per share thus amounted to €0.27 (Q1-Q3 2019: -€0.30). With net cash of €194 million (December 31, 2019: €303 million) and an equity ratio of 43% (December 31, 2019: 38%), SMA has a solid balance-sheet structure."The effects of the global coronavirus crisis have also posed major challenges to SMA over the past nine months," said SMA CEO Jürgen Reinert. "I am therefore all the more pleased that, in spite of the declining market, we generated significant growth in sales and earnings and thus gained market share. This was thanks to both our employees' strong commitment and to continuous close collaboration with our customers and suppliers. We are monitoring the development of the coronavirus crisis very closely so that we can continue to react quickly at all times. As before, the Managing Board expects SMA to achieve its sales and earnings guidance in the current fiscal year. In the long term, we see great potential for SMA in the global restructuring of the economy toward more sustainability and ultimately climate neutrality. Germany should set a good example. The upcoming amendment of the Renewable Energy Sources Act must therefore be used to speed up the urgently needed installation of photovoltaic capacity. Supporting self-consumption of affordable and clean solar energy by private and commercial users plays a key role here."The sales and earnings guidance of the Managing Board for fiscal year 2020, published on February 7, 2020, predicts a sales increase to between €1.0 billion and €1.1 billion and EBITDA between €50 million and €80 million. The Managing Board believes that SMA is well positioned to gain further market share even in the current circumstances.The quarterly statement for January to September 2020 is available online at www.SMA.de/IR/FinancialReports.About SMA As a leading global specialist in photovoltaic system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA's portfolio contains a wide range of efficient PV inverters, holistic system solutions for PV systems of all power classes, intelligent energy management systems and battery-storage solutions as well as complete solutions for PV diesel hybrid applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA's range. SMA inverters with a total output of around 95 gigawatts have been installed in more than 190 countries worldwide. SMA's multi-award-winning technology is protected by more than 1,600 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.SMA Solar Technology AGSonnenallee 134266 NiestetalGermanyHead of Corporate Communications:Anja JasperTel. +49 561 9522-2805Presse@SMA.dePress Contact:Susanne HenkelManager Corporate PressTel. +49 561 9522-1124Presse@SMA.deDisclaimer:This corporate news serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.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.12.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1147365   End of News DGAP News Service

  • EQS Group

    SMA Solar Technology AG generates significant growth in sales and earnings in first half of 2020 despite coronavirus crisis

    DGAP-News: SMA Solar Technology AG / Key word(s): Half Year Results 13.08.2020 / 07:00 The issuer is solely responsible for the content of this announcement. SMA Solar Technology AG Corporate NewsSMA Solar Technology AG generates significant growth in sales and earnings in first half of 2020 despite coronavirus crisisOverview of H1 2020:\- 7.1 GW inverter output sold (H1 2019: 4.0 GW)\- Sales increased to €514 million (H1 2019: €363 million) and EBITDA to €24 million (H1 2019: €9 million)\- Financial stability thanks to solid equity ratio of 42% (December 31, 2019: 38%) \- Order backlog remains high despite coronavirus crisis at €760 million, with €321 million attributable to product business\- Managing Board confirms sales and earnings guidance for fiscal year 2020 Niestetal, August 13, 2020 - In the first half of 2020, SMA Solar Technology AG (SMA/FWB: S92) sold PV inverters with a total output of around 7.1 GW (H1 2019: 4.0 GW). Sales increased by 42% compared with the first half of 2019 to €514 million (H1 2019: €363 million). The growth is mainly the result of the strong project business in the U.S. and the ongoing positive trade business in Europe. From January to June 2020, EBITDA amounted to €24 million, considerably higher than the comparative figure for the previous year (EBITDA margin: 4.7%; H1 2019: €9 million, 2.3%).Net income improved significantly to €3 million in the first half of 2020 (H1 2019: -€14 million). Earnings per share thus amounted to €0.08 (H1 2019: -€0.41). With net cash of €201 million (December 31, 2019: €303 million) and an equity ratio of 42.1% (December 31, 2019: 37.6%), SMA has a sustainably solid balance-sheet structure."We are also feeling the effects of the coronavirus crisis and generated lower sales than expected in the second quarter," said SMA Chief Executive Officer Jürgen Reinert. "Nevertheless, we were able to significantly increase our sales and earnings year-on-year both in the first half of the year as a whole and in the second quarter of 2020, and also achieve a positive result at EBIT level. This was possible only thanks to SMA's good IT infrastructure, the great dedication and flexibility of our employees, active supplier management, and our continuous customer support. Another very positive aspect is that we did not have to use any government support. As we had forecast, the order intake in the second quarter was lower as a result of the coronavirus crisis. However, we anticipate a global recovery in demand in the coming months. In this context, we still expect to be able to meet our sales and earnings targets. We also see good prospects for SMA in the medium and long term. In tackling the coronavirus crisis, there is a historic opportunity to make the economy more sustainable and resilient. Use of renewable energy will play a crucial role here. Political initiatives such as the European Green Deal and U.S. presidential candidate Joe Biden's climate protection plan are steps in the right direction. Now we need to consistently implement them. SMA is ready and ideally equipped to help shape this process with our extensive expertise and our innovative and sustainable technologies."Despite the continuing coronavirus crisis, the SMA Managing Board is confirming its sales and earnings guidance for the 2020 fiscal year published on February 7, 2020. It predicts a sales increase to between €1.0 billion and €1.1 billion. SMA is well positioned to gain market shares even in the current circumstances. The Managing Board is also implementing further cost reduction measures. Against this background, the SMA Managing Board is still expecting an increase in EBITDA to between €50 million and €80 million.The Half-Yearly Financial Report for January to June 2020 is available online at www.SMA.de/IR/FinancialReports. About SMA As a leading global specialist in photovoltaic system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA's portfolio contains a wide range of efficient PV inverters, holistic system solutions for PV systems of all power classes, intelligent energy management systems and battery-storage solutions as well as complete solutions for PV diesel hybrid applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA's range. SMA inverters with a total output of around 90 gigawatts have been installed in more than 190 countries worldwide. SMA's multi-award-winning technology is protected by more than 1,500 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. SMA Solar Technology AG Sonnenallee 1 34266 Niestetal GermanyHead of Corporate Communications: Anja Jasper Tel. +49 561 9522-2805 Presse@SMA.de Press Contact: Susanne Henkel Manager Corporate Press Tel. +49 561 9522-1124 Presse@SMA.deDisclaimer: This corporate news serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.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. * * *13.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1116719 End of News DGAP News Service