26 Jan '16, 5pm

SMA Solar tops revenue guidance and returns to profitability in 2015

SMA Solar said it expected to report preliminary 2015 revenue of around €1.0 billion, exceeding revised guidance and a return to profitability. Leading PV inverter manufacturer SMA Solar said it expected to report preliminary 2015 revenue of around €1.0 billion, exceeding revised guidance and a return to profitability. SMA Solar noted that earnings before interest and taxes (EBIT) of €30 million to €33 million was expected for 2015, driven by increased sales of inverters from its large-scale PV power plant segment as well as sales increasing across residential and commercial segments. “SMA returned to profitability earlier than expected in 2015,” said SMA Chief Executive Officer Pierre-Pascal Urbon. “We have further extended our market leadership and account for approximately 20% of global demand. Following the Company’s transformation, we have effectively lowered fixed co...

Full article: http://www.pv-tech.org/news/sma-solar-tops-revenue-guidan...

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