SMA increases sales and earnings

SMA Solar Technology AG sold inverters with a total output of around 10.7 GW from January to September 2020, a significant increase compared to 7.5 GW in the same period last year. Sales rose by 23 percent year-on-year to €774 million (Q1 to Q3 2019: €631 million). »In addition to a positive sales trend in the Home Solutions and Business Solutions segments, the strong project business in particular contributed to this,« the company stated.
Earnings before interest, taxes, depreciation and amortization (EBITDA) from January to September 2020 were €41 million, up from €26 million in the same period of the previous year. Consolidated net profit was €9 million Euro (Q1 to Q3 2019: $-11 million Euro).
The Management Board's revenue and earnings forecast for financial year 2020 published in February 2020 predicts revenue growth to €1.0 to €1.1 billion and EBITDA of €50 to €80 million.

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