DGAP-News

SMA Solar Technology AG: SMA Managing Board expects considerable earnings increase with sales of EUR950 million to EUR1,050 million in 2016

DGAP-News: SMA Solar Technology AG / Key word(s): Forecast
SMA Solar Technology AG: SMA Managing Board expects considerable earnings
increase with sales of EUR950 million to EUR1,050 million in 2016

29.01.2016 / 09:07
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG - Corporate News

SMA Managing Board expects considerable earnings increase with sales of
EUR950 million to EUR1,050 million in 2016 and considers the Company
ideally positioned for the digitalization of the energy industry

Niestetal, January 29, 2016 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) is forecasting a considerable increase in earnings before
interest and taxes (EBIT) to between EUR80 million and EUR120 million in
the current fiscal year with sales of between EUR950 million and EUR1,050
million. Other topics at today's Capital Markets Day include the market and
competitive situation in the PV inverter sector and SMA's strategic focus
and technological unique selling propositions.

"With our complete product and service portfolio and our international
positioning, SMA can participate in further development in the energy
supply sector in all market segments and regions," explained SMA Chief
Executive Officer Pierre-Pascal Urbon. "The digitalization of the energy
industry will give rise to new business models, for which we have already
developed new technological solutions and service offers. In addition to
the provision of data to improve the predictability of solar power
generation and consumption, the integration of battery-storage systems is
also an important topic of the future. Here, SMA has positioned itself at
an early stage. With the Sunny Boy Storage, the new storage solution for
high-voltage batteries such as the Tesla Powerwall, which we are presenting
to the public for the first time today, we can not only benefit from the
expected new installations of battery-storage systems for residential PV
systems but also serve the large market of existing systems."

In 2016, the SMA Managing Board expects the global photovoltaic market to
continue growing to 60 GW (2015: 51 GW). As the growth will mainly occur in
the regions with the highest price pressure, the Managing Board expects a
moderate increase in sales of PV inverter technology to EUR4.9 billion
(2015: EUR4.7 billion). Against this backdrop, the SMA Managing Board
forecasts sales of EUR950 million to EUR1,050 million for the SMA Group in
2016 (provisional sales 2015: around EUR1.0 billion). Through the Company's
successful transformation, SMA has increased its financial and operational