SMA sold 7.5 GW inverters in the first nine months of 2019
Post date: 08/11/2019 - 11:42
From January to September 2019, German SMA Solar Technology AG sold inverters with a total output of around 7.5 GW (Q1-Q3 2018: 6.2 GW). Revenue rose by 9.7 percent year-on-year to €630.8 million ($699 million) compared with €575.1 million in the same period of the previous year. The increase in revenue was »attributable in particular to the very good business performance of all segments in the third quarter,« says the company. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €25.7 million ($23.4 million) from January to September 2019. The previous year's result of €50.5 million included »substantial positive special effects.« Consolidated net income from January to September 2019 amounted to minus €10.5 million ($-10.5 million) compared with €8.5 million in Q1-Q3 2018.
The Management Board still expects sales for the 2019 fiscal year to be between €800 million and €880 million ($886 to 975 million). With an order backlog of around €429 million ($475 million) as of September 30, 2019, the Executive Board assumes that »we will reach the top quarter« of the forecast.