SMA increases sales and earnings in the first half of 2018

In the first half of 2018, SMA Solar Technology AG sold inverters with a total output of around 4.3 GW (H1 2017: 3.8 GW) and increased its sales by 3.5 percent to €394.6 million ($457 million) in comparison to the first half of the previous year with €381.1 million. According to the company, the sales increase is attributable in particular to the positive development in the regions of Europe, the Middle East and Africa (EMEA) as well as Asia-Pacific (APAC). Net income amounted to €11.2 million in the first half of 2018 (H1 2017: €8.8 million).
The production processes have been hampered by the general shortage of electronic components, said SMA CEO Pierre-Pascal Urbon. »For the second half of the year, we expect an improvement in the delivery situation and higher sales. Key growth stimuli will originate particularly from Europe and Asia as well as from medium-sized PV systems.« The SMA Managing Board confirms its sales and earnings guidance for the 2018 fiscal year, which forecasts sales of between €900 million and €1,000 million.

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