SMA Solar cuts 2021 forecast because of shortage of components

Sep 7, 2021 01:15 PM ET
  • German photovoltaic (PV) inverters maker SMA Solar Technology AG (ETR: S92) has actually lowered its sales and also revenues guidance for 2021 because of a shortage of digital components.
SMA Solar cuts 2021 forecast because of shortage of components
Image: SMA Solar Technology AG

Sales are now projected in the range of EUR 980 million to EUR 1.03 billion (USD 1.22 bn) compared to EUR 1.075 billion-1.175 billion anticipated in August. Second-half sales will certainly surpass the level of the first 6 months, when they came in at EUR 488.3 million, however are expected to fall short of the August projection, SMA Solar stated on Monday.

Earnings prior to passion, tax, depreciation and amortisation (EBITDA) are currently seen at between EUR 50 million and EUR 65 million, below EUR 75 million-95 million projected previously.

The change was made after the termination of securely assured delivery amounts which caused a substantial damage in the temporary scenario.

"We remain in extensive contact with our partners on the vendor side in order to create appropriate solutions to secure distributions and also to compensate for delivery hold-ups as far as feasible in the coming weeks as well," stated president Juergen Reinert.

In mid-August, the PV inverter maker maintained its projection however warned of possible shipment capacity constraints in the 2nd half of the year that could be triggered by the recurring stretched supply scenario for digital components.

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