DGAP-News: SMA Solar Technology AG: Managing Board significantly raises market estimate for 2010 and expects the highest sales as well as the presumably best EBIT margin in the company's history
(firmenpresse) - DGAP-News: SMA Solar Technology AG / Key word(s): Forecast/Final
Results
SMA Solar Technology AG: Managing Board significantly raises market
estimate for 2010 and expects the highest sales as well as the
presumably best EBIT margin in the company's history
17.01.2011 / 10:26
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In 2010, the global market for photovoltaics (PV) has grown significantly
faster than expected, especially outside of Germany. The Managing Board of
SMA Solar Technology AG (SMA/FWB: S92), global market leader for solar
inverters, is expecting a market volume of 17 to 20 gigawatts (GW) of
installed photovoltaic output for 2010. Germany continued to be the biggest
global photovoltaics market with about 7 GW of installed output. However,
according to the Managing Board's assumptions, the changes in feed-in
tariffs in mid-2010 have caused a considerable reduction of the newly
installed PVC power in Germany in the second half of the year. A strong
growth impulse was made by the Southern European countries and the United
States of America.
For 2010, the SMA Managing Board expects record sales at the upper end of
the sales forecast of 1.7 to 1.9 billion Euros. With its total of 15
foreign subsidiaries SMA profited from the global market development and
significantly expanded its international solar inverter business in the
last year. In 2010 the SMA group presumably generated the highest EBIT
margin in the company's history. According to the Managing Board's
provisional estimates the EBIT margin will be in the lower part of the
forcast of 26.5% to 28.5%. The SMA Managing Board will present the full
group statement for the financial year 2010 at its press conference on the
annual results on March 31, 2011 in Frankfurt am Main.
It is very difficult to forecast the development of the global
photovoltaics markets in 2011. In particular expected changes in incentive
programs in individual countries may have considerable effects on the
global market volume in 2011. With its particularly flexible business
model, its global presence and its product range of high-quality solar
inverters for all photovoltaics applications SMA is perfectly positioned
for various market scenarios.
Despite very high installation rates all over the world in the last year it
is not possible yet to recognize a definite trend for the market
development in 2011. Therefore the SMA Managing Board keeps its estimate
for the total market at 15 GW to 17 GW of newly installed PV power. The
European photovoltaics markets, North America and India will significantly
set the tone for the market development in 2011. SMA is present in these
solar markets with its own sales and service subsidiaries.
For 2011, the SMA Managing Board still expects group sales of 1.5 to 1.9
billion Euros. The EBIT margin will fall to approx. 21% to 25%, among
others due to changes in the competitive situation.
About SMA
The SMA group generated sales of more than 934 million Euros in 2009 and
thus is worldwide market leader for photovoltaic inverters, a key component
of all solar plants. Its headquarter is in Niestetall near Kassel, and it
has 15 foreign companies on four continents. The Group employs a staff of
over 5,000 (incl. temporary staff). SMA produces a broadrange of
inverters, offering the right inverter for every type of photovoltaic
module in use and for all sizes of photovoltaic plants. The product range
covers both inverters for photovoltaic plants connected to the grid and
inverters for off-grid systems. Since 2008 the parent company SMA Solar
technology AG has been listed in the Prime Standard of the Frankfurt Stock
Exchange (S92) and in the TecDAX. In the past, SMA received a number of
awards for its excellence as an employer.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Press contact:
Volker Wasgindt
Head of Media and Public Affairs
Phone: +49 561 9522-11 21
Fax: +49 561 9522-11 03
Volker.Wasgindt(at)SMA.de
Contact Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Head of the Investor Relations department
Phone: +49 561 9522-22 22
Fax: +49 561 9522-22 23
ir(at)SMA.de
Julia Damm (Private Investor)
Phone: +49 561 9522-11 64
Disclaimer:
This Corporate News is intended solely for information purposes and does
not constitute an offer or invitation to purchase, hold or sell shares of
SMA Solar Technology AG (the 'company') or a present or future subsidiary
of the company (together with the company: the 'SMA Group') nor is it to be
interpreted as a foundation for an understanding directed at buying or
selling shares of the company or a business of the SMA Group.
This Corporate News release 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 contain risks and elements of uncertainty by nature. 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.
End of Corporate News
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17.01.2011 Dissemination of a Corporate News, transmitted by DGAP - 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(at)sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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109119 17.01.2011
Datum: 17.01.2011 - 10:26 Uhr
Sprache: Deutsch
News-ID 33007
Anzahl Zeichen: 0
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Kategorie:
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