Managing Board of SMA Solar Technology AG Raises Forecast for Current Fiscal Year

The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) raises its sales and earnings forecast for 2017. The new forecast predicts sales of €900 million to €950 million (previously: €830 million to €900 million) and earnings before interest, taxes, depreciation and amortization (EBITDA) of €85 million to €100 million (previously: €70 million to €90 million). The amount of depreciation and amortization will remain unchanged in between €60 million and €70 million. As reasons for raising the forecast, the Managing Board cites the high order-intake, which has been increasing since the beginning of 2017 and the strong market demand in all regions, especially in the Asia-Pacific region (APAC).

„In the first half of 2017, incoming orders developed positively at SMA and the book-to-bill ratio was 1.4. The order backlog increased by 25% in the first six months of the year and amounted to roughly €673 million as of June 30, 2017. Incoming orders also remained high in July,” said SMA CEO Pierre-Pascal Urbon. “Against this backdrop, we raise our sales forecast for 2017 to €900 million to €950 million and our forecast for earnings before interest, taxes, depreciation and amortization (EBITDA) to €85 million to €100 million. Net cash will rise to more than €450 million thanks to high operating cash flow.“

SMA will publish its half yearly financial report for January to June 2017 on August 10, 2017.

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