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DGAP-Adhoc: SMA Solar Technology AG: Management Board expects earnings for 2021 to be below adjusted guidance and presents sales and earnings forecast for 2022

eqs_en 
0 0 01.03.22
DGAP-Adhoc: SMA Solar Technology AG: Management Board expects earnings for 2021 to be below adjusted guidance and presents sales and earnings forecast for 2022: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24069/Logo_SMA.svg.png
 

DGAP-Ad-hoc: SMA Solar Technology AG / Key word(s): Change in Forecast/Forecast
SMA Solar Technology AG: Management Board expects earnings for 2021 to be below adjusted guidance and presents sales and earnings forecast for 2022

01-March-2022 / 18:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Niestetal, March 1, 2022 - The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) expects earnings for 2021 to be below the guidance as adjusted on January 12, 2022 (EBITDA: €20 million to €30 million). The background is the pre-contractual agreement on the extraordinary dissolution of a contract for operation and maintenance (O&M) services for PV power plants. Based on the resulting increased need for provisions, the Managing Board anticipates earnings (EBITDA) of about €9 million. The preliminary result is still subject to the auditor's review. SMA sales amounted to €984 million in 2021.

In addition, the SMA Managing Board today approved the sales and earnings guidance for 2022. For the current fiscal year, the Managing Board anticipates sales of between €900 million and €1,050 million and earnings (EBITDA) of between €10 million and €60 million, particularly due to the continuing global chip shortage.


Contact:
Ulrich Hadding
Chief Financial Officer
Information and Explanation of the Issuer to this News:

About SMA
As a leading global specialist in photovoltaic and storage 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 and battery inverters, holistic system solutions for PV and battery-storage systems of all power classes, intelligent energy management systems and charging solutions for electric vehicles and power-to-gas 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 110 gigawatts have been installed in more than 190 countries worldwide. SMA's multi-award-winning technology is protected by around 1,700 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 TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
[email protected]

Press Contact:
Susanne Henkel
Senior Corporate Communications Manager
Tel. +49 561 9522-1124
[email protected]

01-March-2022 CET/CEST 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: [email protected]
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1291675

 
End of Announcement DGAP News Service

1291675  01-March-2022 CET/CEST

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SMA Solar Technology AG Stock

€27.56
-2.270%
We can see a decrease in the price for SMA Solar Technology AG. Compared to yesterday it has lost -€0.640 (-2.270%).
Currently there is a rather positive sentiment for SMA Solar Technology AG with 12 Buy predictions and 8 Sell predictions.
However, we have a potential of -9.29% for SMA Solar Technology AG as the target price of 25 € is below the current price of 27.56 €.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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