EQS-News
SMA publishes figures for the first nine months of 2024, reduces its sales and earnings guidance and sets out details of restructuring and transformation program
- SMA reports €1,059.7M sales, down from €1,337.4M.
- EBITDA drops to €83.5M; restructuring program initiated.
- Full-year guidance revised: sales €1.45-1.5B, EBITDA -€20M.
EQS-News: SMA Solar Technology AG / Key word(s): Quarterly / Interim Statement/Restructure of Company SMA publishes figures for the first nine months of 2024, reduces its sales and earnings guidance and sets out details of restructuring and transformation program |
- Sales for the first nine months come in at €1,059.7 million (9m 2023: €1,337.4 million)
- Large Scale & Project Solutions segment has shown once again disproportionate development
- EBITDA of €83.5 million (9M 2023: €231.2 million)
- Order backlog of €1.44 billion (September 30, 2023: €2.02 billion)
- Strong equity ratio of 41.8% (December 31, 2023: 42.3%)
- Restructuring and transformation program for the entire group initiated
- The Managing Board adjusts the full-year guidance: sales of between €1,450 million to €1,500 million; EBITDA of between -€20 million to €20 million
Niestetal, November 14, 2024 – As expected, sales and earnings for SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92) have been lower in the first nine months of 2024 compared with the previous year. Group sales reached €1,059.7 million compared with €1,337.4 million in the year before. Sales in the Home Solutions and Commercial and Industrial Solutions segments were significantly influenced by a sustained market slowdown. Against this backdrop, sales in the Home Solutions segment amounted to €147.0 million (9M 2023: €486.2 million) and in the Commercial & Industrial Solutions segment to €148.7 million (9M 2023: €333.7 million). As planned, the Large Scale & Project Solutions segment posted significant sales growth, achieving €764.0 million compared with €517.5 million in the same period of 2023.