SMA Solar reduces 2021 incomes forecast once again, flags influence of international chip shortage

Mar 8, 2022 12:49 PM ET
  • Inverter provider SMA Solar Technology has decreased its 2021 incomes forecast also further and also has warned of extra headwinds this year due to the continuous worldwide chip lack.
SMA Solar reduces 2021 incomes forecast once again, flags influence of international chip shortage
Image: SMA Solar Technology

Having actually originally assisted for 2021 EBITDA of EUR75-- 95 million (US$ 81-- 103 million), SMA reduced the projection last September due to the undersupply of digital components and then sufficed again in January to EUR20-- 30 million as a result of a contract problem influencing its procedures and upkeep (O&M) company.

The company has currently said there was an agreement on the dissolution of a contract for O&M solutions for PV power plants. Based on the resulting increased requirement for stipulations, management expects 2021 EBITDA of around EUR9 million.

Sales for last year were EUR984 million, below the initial support of between EUR1,075 million as well as EUR1,175 million. SMA's chief executive officer, Jürgen Reinert, stated in September that the business was seeing solar designers hold off the application of bigger PV plants to this year.

" The global lack of chips as well as various other digital components has currently impacted SMA's business growth in the 2nd fifty percent of 2021," Reinert claimed in a statement published last week. "The supply circumstance continues to be tight as well as will certainly remain to offer us with challenges as the year advances."

For 2022, SMA management is anticipating sales of EUR900-- 1,050 million as well as EBITDA of EUR10-- 60 million, especially as a result of the chip lack.

After overcoming the element shortage, Reinert claimed monitoring sees "outstanding growth prospects for SMA, especially against the background of the increased international initiatives to suppress the environment crisis".

The company will publish complete details of its 2021 monetary efficiency on 31 March 2022.

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