NIESTETAL, GERMANY - EQS Newswire - 27 October 2022 - The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) has raised its earnings forecast for the fiscal year 2022. The new forecast predicts operating earnings before interest, taxes, depreciation and amortization (EBITDA) of �60 million to �75 million (previously: �10 million to �60 million). As reasons for raising the forecast, the Managing Board cites the continued high level of incoming orders and a gradually improving supply of electronic components, which should lead to a business performance in the fourth quarter that exceeds previous expectations. In addition, a special effect in the lower double-digit million euro range from the sale of real estate had a positive impact on the earnings of SMA in the third quarter. For the operating earnings before interest and taxes (EBIT), the Managing Board expects a range of �22 million to �37 million (previously: ��30 million to �20 million). Net cash is expected to amount to around 190 million euros at the end of the year according to the new Managing Board forecast (previously: around �175 million). Sales expectations in the current fiscal year were narrowed by the SMA Managing Board to between �975 million and �1,050 million (previously: �900 million to �1,050 million).
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As a leading global specialist in photovoltaic and storage system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA�s portfolio contains a wide range of efficient PV and battery inverters, holistic system solutions for PV and battery-storage systems of all power classes, intelligent energy management systems and charging solutions for electric vehicles and power-to-gas applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA�s range. SMA inverters with a total output of around 120 gigawatts have been installed in more than 190 countries worldwide. SMA�s multi-award-winning technology is protected by more than 1,700 patents and utility models. Since 2008, the Group�s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is listed in the TecDAX index and SDAX index.