SMA Solar Technology AG / Change in Forecast/Preliminary Results
06.07.2010 08:57
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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* According to preliminary figures, sales in Q1-Q2/2010 increased to over
EUR 800 million
* SMA sold more than 3.1 GW inverter output in the first six months
* Worldwide market growth of up to 14 GW expected in 2010
* SMA anticipates a gradual improvement of component supply in the second
half of the year
* Managing Board increases its guidance for 2010 to EUR 1.5 to 1.8 billion
in sales and an EBIT-margin between 24 % and 27 %
The Managing Board of SMA Solar Technology AG (FWB: S92) expects a stronger
worldwide market growth in 2010 of up to 14 GW (previous assumption: 9 to
11 GW). SMA will maintain or even slightly increase its market share in
2010.
SMA anticipates moderate price pressure for solar inverters. Furthermore,
SMA assumes that the material supply in the semiconductor field and
consequently the delivery time for SMA inverters will gradually improve in
the second half of the year.
Against this backdrop and assuming continued market development, SMA's
Managing Board increases its forecast for 2010 as a whole.
The Managing Board expects sales to increase up to EUR 1.5 to 1.8 billion
(previous forecast: EUR 1.1 to 1.3 billion). SMA achieved sales of over EUR
800 million in the first six months 2010 and sold more than 3.1 GW inverter
output.
In 2010, SMA will continue to expand its investments in research and
development, in sales, in the internationalization process and the
regionalization of production. The Managing Board anticipates an
EBIT-margin between 24 % and 27 % in 2010 (previous forecast: 20 % to 23
%).
The Managing Board expects a decline in the German market and a stronger
growth of foreign markets in 2011.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Press Contact:
Volker Wasgindt
Head of Press and Association Work
Tel. +49 561 9522-11 21
Fax.+49 561 9522-11 03
Volker.Wasgindt@SMA.de
Contact Investor Relations:
Anna Raudszus (Institutional Investors/Research Analysts)
Director Investor Relations
Tel. +49 561 9522-22 22
Fax.+49 561 9522-22 23
ir@sma.de
Julia Damm (Retail Investors)
Tel. +49 561 9522-11 64
Disclaimer:
This announcement serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the 'Company') or any present or future
subsidiary of the Company (together with the Company, the 'SMA Group') nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.
This announcement can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the
executive board of SMA Solar Technology AG (SMA or company) has available
at this time. Future-oriented statements are therefore only valid on the
day on which they are made. Future-oriented statements by nature contain
risks and elements of uncertainty. Various known and unknown risks,
uncertainties and other factors can lead to considerable differences
between the actual results, the financial position, the development or the
performance of the corporation and the estimates given here. These factors
include those which SMA has discussed in published reports. These reports
are available on the SMA website at www.SMA.de. The company accepts no
obligation whatsoever to update these future-oriented statements or to
adjust them to future events or developments.
06.07.2010 08:57 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Deutschland
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: SMA Solar Technology AG: Managing Board increases forecast for the financial year 2010 after very successful first six months
| Source: EQS Group AG