Key Developments: SMA Solar Technology AG (S92G.DE)

S92G.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Sma Solar Technology AG signs with Danfoss A/S contract to enter into strategic partnership
Wednesday, 28 May 2014 10:32am EDT 

Sma Solar Technology AG:Says it signed with Danfoss A/S a contract to enter into a close strategic partnership.Says the goal of the agreement is to strengthen the two companies' cost positions through economies of scale and joint development initiatives.According to the plans announced in Feb., Danfoss will acquire 20 pct of Sma's outstanding shares and sell its entire solar inverter business to Sma.Says the necessary approval by the antitrust authorities has already been granted.  Full Article

Sungrow Power Supply subsidiary reaches settlement with Sma Solar Technology
Tuesday, 27 May 2014 11:41pm EDT 

Sungrow Power Supply Co Ltd:Says subsidiary Sungrow Deutschland GMBH reached a settlement agreement with Sma Solar Technology AG, for patent infringement lawsuit.Sma agreed to revoke patent infringement lawsuit against Sungrow Deutschland, while Sungrow Power agreed to withdraw claim for patent invalidation.The two parties will bear lawsuit cost respectively.  Full Article

Sma Solar Technology AG announces no FY 2013 dividend; comments on FY 2014 outlook
Tuesday, 27 May 2014 09:43am EDT 

Sma Solar Technology AG:Says the Annual General Meeting accepted the proposal of the Managing Board and Supervisory Board that no dividend be distributed for FY 2013.Says, with sales of 1.0 billion to 1.3 billion euros, the Sma Managing Board predicts an EBIT of up to 20 million euros for FY 2014.Says the forecast is based on the assumption of a stable regulatory environment, particularly in Europe.FY 2014 revenues at 1,006 mln euros-Thomson Reuters I/B/E/S.  Full Article

Sma Solar Technology AG confirms FY 2014 sales and earnings forecast
Thursday, 15 May 2014 01:00am EDT 

Sma Solar Technology AG:Says the Managing Board confirms sales and earnings forecast for FY 2014.Says the forecast anticipates sales of 1.0 billion to 1.3 billion euros and an operating result of up to 20 million euros.Says the forecast is based on the assumption of a stable regulatory environment, particularly in Europe.FY 2014 revenues at 1,037 mln euros-Thomson Reuters I/B/E/S.  Full Article

Sma Solar Technology AG gives Q1 2014 outlook and confirms full FY 2014 guidance
Thursday, 27 Mar 2014 02:00am EDT 

Sma Solar Technology AG:Expects Q1 2014 sales of 170 to 200 million euros in continuing difficult market environment (Q1 2013: 212 million euro).Says this decline compared to previous year is largely due to project business.For Q1 2014, SMA expects negative EBIT of -20 million -25 million euros (2012: -8 million euros).Confirms sales and earnings guidance for entire FY 2014, first published in November 2013.Predicts operating result of up to 20 million euros with sales of 1.0 to 1.3 billion euros in FY 2014, as best case scenario.FY 2014 revenue estimate 1.042 billion euros - Thomson Reuters I/B/E/S.FY 2014 EBIT of 10.24 million euros - Thomson Reuters I/B/E/S.  Full Article

Sma Solar Technology AG to form strategic partnership with Danfoss A/S; Danfoss to acquire 20 percent of shares in SMA
Wednesday, 26 Feb 2014 03:06am EST 

Sma Solar Technology AG:Approves the signing of a Letter of Intent regarding the formation of a strategic partnership with the Danfoss A/S.This partnership shall comprise a cooperation in the areas of Research and Development, Procurement and Sales.In addition SMA shall take over the solar inverter business of Danfoss.Moreover Danfoss will acquire 20 percent of the shares in SMA Solar Technology AG.The purchase price under the share purchase agreement of 43.57 euros per share includes a strategic premium of 50 percent compared to the volume-weighted average price of the last 60 days.The share purchase agreement provides for a lock-up period for Danfoss, according to which Danfoss is restrained from both selling and acquiring additional shares in SMA for a period of two years.  Full Article

Sma Solar Technology AG Supplies Equipment for PV Power Plant in Japan
Thursday, 14 Nov 2013 03:30am EST 

Sma Solar Technology AG announced that it supplied 140 Sunny Central 500CP-JP central inverters and 1,260 Sunny String-Monitors for the PV power plant in the southern Japanese city of Kagoshima. The financial terms of the deal were not disclosed.  Full Article

Sma Solar Technology AG Lowers FY 2013 Guidance; Issues FY 2014 Guidance in Line with Estimates
Monday, 4 Nov 2013 07:43am EST 

Sma Solar Technology AG (SMA) announced that the Managing Board has decided in an extraordinary meeting held today to lower the sales and earnings forecast for the fiscal year 2013. The amended forecast predicts sales of EUR 0.9 billion to EUR 1.0 billion for the SMA Group. In addition, the SMA Managing Board expects a loss of EUR 80 million to EUR 90 million. Previously, the SMA Managing Board expected sales of EUR 0.9 billion to EUR 1.3 billion and to break even before one-time items in 2013. The reasons for amending the forecast are the decline in the European markets, which was stronger than expected, and the resulting negative sales and earnings of the Medium Power Solutions division as well as the ongoing restructuring of Zeversolar. In 2014, the SMA Managing Board expects the group's sales to increase to between EUR 1.0 billion and EUR 1.3 billion and to reach its profitability again. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 1.05305 billion, fiscal year 2013 net income of a negative EUR 22.30 million, fiscal year 2014 revenue of EUR 1.08843 billion and fiscal year 2014 net income of EUR 4.89 million.  Full Article

Sma Solar Technology AG to Cut 680 Positions in Germany
Tuesday, 17 Sep 2013 08:14am EDT 

Sma Solar Technology AG announced that it plans to gradually cut 680 full-time positions in Germany by December 31, 2014. The SMA Managing Board cooperated with the Works Council to develop a voluntary program that would make the adjustment to the personnel structures as socially responsible as possible. In addition to measures implemented prior to August 1, 2013 and expiring temporary contracts, more than 400 SMA employees had decided by September 13, 2013 to participate in the voluntary program. Therefore, SMA will achieve the necessary targeted reductions and will be able to avoid involuntary layoffs.  Full Article

Sma Solar Technology AG Confirms FY 2013 Guidance
Wednesday, 7 Aug 2013 06:00pm EDT 

Sma Solar Technology AG announced that its Managing Board adheres to its sales and earnings forecast for the fiscal year 2013 with sales of EUR 0.9 billion to EUR 1.3 billion, and an operating result adjusted for one-time items of the planned staff reduction, the SMA Managing Board expects to break even, but cannot rule out making a loss.  Full Article

REFILE-RESEARCH ALERT-SMA Solar Technology: Deutsche Bank cuts to hold

(Refiles to correct spelling of broker name in headline and text) March 31 - SMA Solar Technology AG :

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