SMA Solar Technology again raises sales and earnings forecast

Niestetal, Germany - Against the backdrop of its continuing business growth, successful new product launches and sustainable improvement in competitiveness, the Managing Board of SMA Solar Technology AG has again raised its sales and earnings forecast for the current fiscal year.

The new forecast predicts sales of EUR850 million to EUR900 million (previously: EUR800 million to EUR850 million) and an operating result (EBIT) of EUR0 million to EUR10 million (previously: EUR-25 million to EUR0 million).

"SMA has achieved a sustainable turnaround within a short space of time. Due to the SMA Group's extensive transformation in the current fiscal year, we are emerging stronger from the years of structural change in the solar industry and will generate sales growth again this year for the first time since 2010. SMA's important success factors for gaining market share this year are, in addition to its complete product portfolio for all power ranges and applications, our global presence and extraordinary flexibility," explained SMA Chief Executive Officer and Chief Financial Officer Pierre-Pascal Urbon.

Source: IWR Online, 29 Sep 2015