SMA boosts sales as well as incomes

• SMA Solar Technology AG offered inverters with a total output of around 10.7 GW from January to September 2020, a significant increase contrasted to 7.5 GW in the exact same period last year.

Sales rose by 23 percent year-on-year to EUR774 million (Q1 to Q3 2019: EUR631 million). "In addition to a favorable sales trend in the Home Solutions and also Business Solutions sectors, the strong project service specifically contributed to this," the firm stated.

Incomes before passion, taxes, devaluation as well as amortization (EBITDA) from January to September 2020 were EUR41 million, up from EUR26 million in the exact same duration of the previous year. Consolidated web profit was EUR9 million Euro (Q1 to Q3 2019: $-11 million Euro).

The Management Board's earnings and revenues forecast for financial year 2020 published in February 2020 anticipates profits growth to EUR1.0 to EUR1.1 billion and EBITDA of EUR50 to EUR80 million.