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SMA Solar Technology AG: SMA Solar Technology AG Concludes Sale of SMA Railway Technology GmbH

DGAP-News: SMA Solar Technology AG / Key word(s): Forecast/Mergers & Acquisitions SMA Solar Technology AG: SMA Solar Technology AG Concludes Sale of SMA Railway Technology GmbH 29.03.2017 / 07:02 The issuer is solely responsible for the content of this announcement. SMA Solar Technology AG-Corporate News

SMA Solar Technology AG Concludes Sale of SMA Railway Technology GmbH

Niestetal, March 29, 2017 - SMA Solar Technology AG (SMA/FWB: S92) concluded sale of its subsidiary SMA Railway Technology GmbH today. The buyer is the leading Chinese railway technology group Beijing Dinghan Technology Co., Ltd. The buyer and the seller have agreed not to disclose the purchase price.

The transaction will contribute positively to the SMA Group's earnings in the first quarter of 2017. Against this backdrop, the SMA Managing Board forecasts sales of EUR165 million to EUR175 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR15 million to EUR18 million for the first quarter of this year. The SMA Managing Board is confirming its sales and earnings guidance for fiscal year 2017 as published on January 26, 2017, which forecasts sales of between EUR830 million and EUR900 million and EBITDA of between EUR70 million and EUR90 million.

About SMA

The SMA Group with anticipated sales of about EUR1 billion in 2016 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 700 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.