DGAP-Adhoc

SMA Solar Technology AG: Managing Board Decreases Forecast for Current Fiscal Year

SMA Solar Technology AG / Key word(s): Forecast/Change in Forecast

24.10.2016 13:37

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG-ad-hoc


Niestetal, October 24, 2016 - The Managing Board of SMA Solar Technology AG
(SMA/FWB: S92) is adjusting its sales and earnings forecast for the 2016
fiscal year. The new forecast anticipates sales between EUR900 million and
EUR950 million (previously EUR950 million to EUR1,050 million) and
continues to anticipate a significant year-on-year increase in EBIT to
between EUR60 million and EUR70 million (previously EUR80 million to EUR120
million). This forecast adjustment was mainly caused by price pressure
emerging in all market segments worldwide since the middle of 2016 and
numerous delays in major solar projects. Based on provisional figures, SMA
achieved sales of more than EUR220 million and EBIT of more than EUR20
million in the third quarter of 2016. In the third quarter, the gross
margin was around 25%. Net cash was more than EUR350 million as of
September 30, 2016.

Contact
Ulrich Hadding
Executive Vice President
Finance


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Information and Explanation of the Issuer to this News:

The SMA Group with sales of EUR1 billion in 2015 is the global market
leader for solar inverters, a key component of all PV plants, and offers
innovative key technologies for future power supply structures. It is
headquartered in Niestetal, near Kassel, Germany, and is represented in 20
countries. The Group employs more than 3,000 people worldwide. SMA has an
extensive range of products, which offers the right inverters for all
module types and plant sizes; for small residential systems as well as
large-scale plants, grid-connected photovoltaic systems as well as off-grid
and hybrid systems. Moreover, SMA offers system technology for various
battery technologies and system sizes and collaborates with renowned
battery manufacturers and companies from the automotive industry. The SMA
technology is protected by about 750 patents and utility models worldwide.
The range of services is supplemented by comprehensive services and
operational management of large-scale PV power plants. Since 2008, the
Group's parent company, SMA Solar Technology AG, has been listed on the
Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the
only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. [phone]
[e-mail]

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. [phone]
Fax [phone]
[e-mail]

24.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: [e-mail]
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange

End of Announcement DGAP News-Service

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