SMA plans to publish its 2024 half-yearly report on August 8.
Image: SMA Solar Technology
From pv journal Germany
A persistently risky market and a delayed improve in future orders because of persistently excessive stock ranges amongst distributors and installers are the the reason why SMA Solar Technology AG is altering its gross sales and income estimates are down.
As introduced by the photovoltaics firm, the managing board now expects gross sales between €1.55 billion ($1.66 billion) and €1.700 billion. The earlier forecast was between €1.95 and €2.22 billion.
Operating earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) at the moment are anticipated to be between €80 and €130 million as a substitute of €220 to €290 million. According to the corporate, in accordance with relevant accounting requirements, any modifications within the discount of the stability sheet and amortization can be assessed and thought of as obligatory when getting ready the half-year monetary statements.
SMA mentioned gross sales and income progress had been beneath expectations, notably within the Home Solutions and Commercial & Industrial Solutions segments. In addition, there’s new uncertainty available in the market as a result of consequence of the European elections and the upcoming US elections on November 5. “The Large Scale & Project Solutions section continues to develop consistent with expectations,” the corporate said. “Here, the managing board continues to anticipate a powerful improve in gross sales and EBITDA for the yr as a complete in comparison with final yr.”
The SMA plans to publish its 2024 half-yearly report as scheduled on August 8.
This content material is protected by copyright and will not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].
