EQS-News

SMA group improves sales and earnings level in Q3 2022 and sees positive trend for final quarter

EQS-News: SMA Solar Technology AG / Key word(s): 9 Month figures/Quarterly / Interim Statement SMA group improves sales and earnings level in Q3 2022 and sees positive trend for final quarter 10.11.2022 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. SMA Solar Technology AG corporate news

SMA group improves sales and earnings level in Q3 2022 and sees positive trend for final quarter

Overview of Q1-Q3 2022:

• Sales of €724 million (Q1-Q3 2021: €745 million)
• 8.7 GW inverter output sold (Q1-Q3 2021: 10.3 GW)
• Earnings before interest, taxes, depreciation and amortization (EBITDA)
  at €50.2 million (Q1–Q3 2021: €52.9 million)
• Stable equity ratio of 38.2% (December 31, 2021: 39.0%)
• Managing Board confirms adjusted sales and earnings guidance for 2022:
  sales of between €975 million and €1,050 million; EBITDA of between €60 million and €75 million

Niestetal, November 10, 2022 – SMA Solar Technology AG (SMA/FWB: S92) and its subsidiaries generated earnings before interest, taxes, depreciation and amortization (EBITDA) of €50.2 million from January to September 2022 (EBITDA margin: 6.9%; Q1–Q3 2021: €52.9 million; 7.1%). SMA sold inverters with a total output of approximately 8.7 GW and generated €724.1 million in sales from January to September 2022 (Q1-Q3 2021: €744.9 million). The slight year-on-year decline in sales was mainly due to project delays in the Large Scale & Project Solutions segment. In contrast, sales in the Home Solutions and Commercial & Industrial Solutions segments increased despite the challenges posed by the shortage of components.

Net income fell to €11.0 million (Q1–Q3 2021: €15.3 million). Earnings per share thus amounted to €0.32 (Q1-Q3 2021: €0.44). Net cash slightly increased to €223.9 million (December 31, 2021: €221.7 million). The equity ratio remained high at 38.2% (December 31, 2021: 39.0%).

“The second half of the year got off to a good start, and we improved the sales and earnings level significantly in the third quarter compared with the first half of the year,” said SMA Chief Executive Officer Jürgen Reinert. “Given that the order backlog is still very high and the delivery situation for electronic components is continuing to improve, we are confident that this trend will be carried forward into the fourth quarter. We are also expecting to see an improvement in incoming orders for the Large Scale & Project Solutions segment with corresponding contributions to sales and earnings for the SMA group. This trend had already started in the third quarter.”