SMA Solar aims to 'significant' growth in 2022 as it establishes sights on order backlog

• SMA Solar Technology is pregnant of "significant sales growth" in 2022 after supply chain turbulence this year developed an extensive backlog of postponed large solar projects.

Coverage its Q3 2021 results today, SMA revealed it had delivered 10.3 GW to date, with 3.5 GW delivered in the third quarter. This is down on the 10.7 GW and 3.6 GW delivered in Q1-- Q3 as well as Q3 2020 specifically.

SMA was, nonetheless, able to boost its revenues margin for the reporting duration-- which climbed by 1.7 percent indicate 7.1%-- helping lift incomes before interest tax, devaluation and also amortisation (EBITDA) to EUR53 million (US$ 63.9 million). Earnings raised by 66% year-on-year to EUR15.2 million.

Lots of solar makers, from modules to inverters, have reported improved margins this year after supply chain volatility and also raised materials as well as elements rates have been greatly handed down to consumers.

SMA had already provided revised advice for the year, advising in September that its earnings as well as incomes in 2021 would be less than formerly forecast after supply chain problems "aggravated considerably". The inverter producer said today that its Business Solutions segment continued to lag as corporate customers harped on investment decisions, while its Home and also Large Scale & Project Solutions systems tape-recorded sales growth.

Project delays as well as pushbacks have, however, persisted, and also Jürgen Reinert, Chief Executive Officer at SMA, cautioned that business efficiency would continue to be affected in Q4.

However the situations is expected to ease entering 2022, with SMA flaunting a puffy order backlog. "Order consumption is developing effectively, as well as we will start off with a high order backlog next year, for which we prepare for significant sales growth generally," Reinert stated.

Web cash at SMA Solar stood at EUR169 million at the end of Q3 2021, down from the EUR226 million business held at the end of last year, which SMA attributed to increased stockpiling as product and also component lacks sent costs spiralling. Previous outcomes would show that the significant bulk-- approximately EUR57 numerous net cash expense-- was spent during the 2nd quarter, with just EUR1 million web cash spent in Q3 2021.

SMA restated its sales and also revenues support for the full year, with sales expected to be in the series of EUR980 million-- EUR1.03 billion as well as EBITDA to stand between EUR50 million to EUR65 million.