SMA raises guidance range for 2023
Post date: 06/10/2023 - 15:52
Based on preliminary figures, the Managing Board of SMA Solar Technology AG expects consolidated revenues of €1.335 billion to 1.345 billion (Q1 - 3 2022: €724 million) and EBITDA of €230 to 235 million (Q1 - 3 2022: €50 million) for the first nine months of 2023. Due to a very positive revenue and earnings development in the Large Scale & Project Solutions and Commercial & Industrial Solutions segments in the third quarter, revenues for that quarter are expected to be between €555 million and €565 million (Q3 2022: €252 million) and expected EBITDA between €105 million and €110 million (Q3 2022: €34 million).
Based on the very positive development in the third quarter, the Managing Board is raising the guidance range for the full year 2023 and now expects consolidated sales of €1.8 billion to 1.9 billion (previously: €1.7 billion to 1.85 billion) and EBITDA of €285 million to 325 million (previously: €230 million to 270 million). The quarterly statement for the first nine months 2023 will be published on November 9, 2023.