27 Jan '16, 7am

SMA returned to profitability earlier than expected in 2015 according to provisional figures

Preliminary estimates from the Managing Board of SMA Solar Technology AG (Niestetal, Germany) show sales of about EUR 1 billion in 2015 and earnings before interest and taxes (EBIT) of EUR 30 million to EUR 33 million. SMA has therefore exceeded the Managing Board’s forecast for both figures (sales: €925 million to €975 million; EBIT: €10 million to €30 million). Sales were mainly driven by the large-scale solar photovoltaic (PV) power plant segment (Utility). At the same time, the residential PV system (Residential) and commercial PV system (Commercial) segments as well as service business also posted growth. “SMA returned to profitability earlier than expected in 2015. We have further extended our market leadership and account for approximately 20% of global demand,” explained SMA Chief Executive Officer Pierre-Pascal Urbon. Staff reduction completed “Following the Compa...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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