SMA Solar Technology AG
XETRA:S92

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SMA Solar Technology AG Logo
SMA Solar Technology AG
XETRA:S92
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Price: 34.94 EUR -4.06% Market Closed
Market Cap: 1.2B EUR

SMA Solar Technology AG
Investor Relations

SMA Solar Technology AG engages in the development, production and sale of solar inverters and monitoring systems for solar power systems. The company is headquartered in Niestetal, Hessen and currently employs 3,510 full-time employees. The company went IPO on 2008-06-27. The firm operates through five segments: Residential, Commercial, Utility, Off-Grid and Storage and Service. The Residential segment focuses on small PV systems for private applications with micro and string inverters, energy management solutions, storage systems and communication products and accessories. The Commercial segment provides three-phase string inverters, energy management solutions, medium-voltage technology and other accessories. The Utility segment specializes in large-scale PV power plants with central inverters, and also provides grid services. The Off-Grid and Storage segment offers system technology for the integration of different battery technologies and power classes and collaborates with battery manufacturers and companies in the automotive industry. The Service segment comprises service and maintenance, operational management and the spare parts business.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 8, 2025
AI Summary
Q1 2025

Sales Decline: Group sales fell to EUR 328 million in Q1 2025, down from EUR 362 million the previous year, mainly due to weakness in the Home and C&I segments.

EBITDA Drop: EBITDA halved to EUR 25 million from EUR 50 million in Q1 2024, impacted by lower sales and reduced fixed cost absorption.

Large Scale Strength: The Large Scale segment performed strongly, with revenue rising to EUR 280 million from EUR 229 million, driven by robust demand outside the U.S.

Cash Flow Improvement: Free cash flow was positive at EUR 96 million, a significant turnaround from minus EUR 46 million last year, thanks to net working capital reduction.

Order Backlog: Order backlog remains high at about EUR 1.3 billion, with Large Scale making up most of it, but near-term Large Scale order intake is pressured by U.S. tariff uncertainty.

Guidance Cautious: Management expects full-year sales and EBITDA at the lower end of guidance ranges due to ongoing macro and policy uncertainty.

Restructuring On Track: The restructuring program is progressing well, with over 40% of targeted EBIT improvement expected to be realized in 2025.

Key Financials
Revenue
EUR 328 million
EBITDA
EUR 25 million
EBITDA Margin
8%
Free Cash Flow
EUR 96 million
Order Backlog
EUR 1.3 billion
Home Segment Revenue
EUR 22 million
C&I Segment Revenue
EUR 26 million
Large Scale Segment Revenue
EUR 280 million
Net Cash
EUR 177 million
Net Working Capital
EUR 364 million
Net Working Capital Ratio
24%
Earnings Call Recording
Other Earnings Calls
2025
2024
2023
2022
2021
2019
2018

Management

Dr. Jurgen Reinert Ph.D.
CEO, Head of Operations, Technology, Strategy, Sales & Service and Chairman of Managing Board
No Bio Available
Ms. Barbara Gregor
Chief Financial & Legal Officer and Member of Managing Board
No Bio Available
Julia Damm
Manager of Investor Relations
No Bio Available
Ms. Anja Jasper
Head of Corporate Communications
No Bio Available
Mr. Marko Werner
Executive Vice President of European Sales
No Bio Available
Ms. Jeanete Klokgether
Executive Vice President of Sales & Marketing, Power Plant Solutions
No Bio Available

Contacts

Address
HESSEN
Niestetal
Sonnenallee 1
Contacts
+4956195220.0
www.sma.de