SMA Solar Technology : Exceeds Sales and Earnings Guidance for 2015 According to Provisional Figures

01/26/16

Category: Corporate News

DGAP-News: SMA Solar Technology AG / Key word(s): Preliminary Results
SMA Solar Technology AG: SMA Exceeds Sales and Earnings Guidance for 2015
According to Provisional Figures

26.01.2016 / 17:24
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG - Corporate News

SMA Exceeds Sales and Earnings Guidance for 2015 According to Provisional
Figures

Niestetal, January 26, 2016 - Preliminary estimates from the Managing Board
of SMA Solar Technology AG (SMA/FWB: S92) show sales of about EUR1 billion
in 2015 and earnings before interest and taxes (EBIT) of EUR30 million to
EUR33 million. SMA has therefore exceeded the Managing Board's forecast for
both figures (sales: EUR925 million to EUR975 million; EBIT: EUR10 million
to EUR30 million). Sales were mainly driven by the large-scale PV power
plant segment (Utility). At the same time, the residential PV system
(Residential) and commercial PV system (Commercial) segments as well as
service business also posted growth.

'SMA returned to profitability earlier than expected in 2015,' explained
SMA Chief Executive Officer Pierre-Pascal Urbon. 'We have further extended
our market leadership and account for approximately 20% of global demand.
Following the Company's transformation, we have effectively lowered fixed
costs and increased our financial and operational flexibility with
extensive measures. We can therefore better respond to the volatile market
development and generate profits even when sales are lower than before. We
largely completed the unfortunate but necessary staff reduction in a
socially responsible manner. As of the end of 2015, the number of employees
who had left SMA equates to nearly 1,400 full-time positions.' SMA is
expected to have lowered working capital to less than EUR230 million
(December 31, 2014: EUR251.0 million) and is in a solid financial position
with expected net cash of more than EUR280 million (December 31, 2014:
EUR225.4 million) and an expected equity ratio of about 50% (December 31,
2014: 46.8%). SMA is able to implement its long-term strategy with its own
resources.

The Company will publish the complete consolidated financial statements for
2015 on March 30, 2016. During Capital Markets Day on January 29, 2016, the
SMA Managing Board will provide information on the market and competitive
situation, the strategic focus and technological unique selling
propositions. In addition, the SMA Managing Board will publish the
financial outlook for the 2016 fiscal year.

About SMA
The SMA Group with anticipated sales of about EUR1 billion in 2015 is the
global market leader for solar inverters, a key component of all PV plants,
and offers innovative key technologies for future power supply structures.
It is headquartered in Niestetal, near Kassel, Germany, and is represented
in 20 countries. The Group employs more than 3,500 people worldwide. SMA
has an extensive range of products, which offers the right inverters for
all module types and plant sizes; for small residential systems as well as
large-scale plants, grid-connected photovoltaic systems as well as off-grid
and hybrid systems. Moreover, SMA offers system technology for various
battery technologies and system sizes and collaborates with renowned
battery manufacturers and companies from the automotive industry. The SMA
technology is protected by about 700 patents and utility models worldwide.
The range of services is supplemented by comprehensive services and
operational management of large-scale PV power plants. Since 2008, the
Group's parent company, SMA Solar Technology AG, has been listed on the
Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the
only company in the solar industry that is listed in the TecDAX index.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel.: [phone]
[e-mail]

Press contact:
Susanne Henkel
Manager Corporate Press
Tel.: [phone]
Fax [phone]
[e-mail]

Disclaimer:
This corporate news 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 corporate news 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 Managing
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.

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26.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: [e-mail]
Internet: www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

End of News DGAP News Service
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432357 26.01.2016

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