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

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 14.11.2024 / 00:02 CET/CEST The issuer is solely responsible for the content of this announcement. 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.