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SMA Solar Technology AG (S92G.DE)

S92G.DE on Xetra

24.81EUR
24 Mar 2017
Change (% chg)

€0.05 (+0.22%)
Prev Close
€24.75
Open
€24.80
Day's High
€25.15
Day's Low
€24.59
Volume
35,870
Avg. Vol
108,288
52-wk High
€50.99
52-wk Low
€20.80

Latest Key Developments (Source: Significant Developments)

SMA Solar technology ag provisional figures 2016 and guidance 2017
Thursday, 26 Jan 2017 05:43am EST 

SMA Solar Technology AG : 2016 fiscal year sales of around 940 million euros ($1.01 billion) and earnings before interest, taxes, depreciation and amortization (EBITDA) of over 140 million euros with depreciation and amortization of around 75 million euros . In FY increased operating earnings before interest and taxes (EBIT) to approximately 65 million euros (pro-forma 2015: 43.3 million euros) .For 2017 fiscal year, managing board expects sales of 830 million to 900 million euros and EBITDA of 70 million euros to 90 million euros, due in particular to persistently high price pressure.  Full Article

SMA Solar changes board positions
Thursday, 8 Dec 2016 11:30am EST 

Sma Solar : Says Roland Grebe, board member for HR, IT and service operations is resigning from managing board for personal reasons and leaving company as of december 31, 2016 . Says in addition, supervisory board and Pierre-Pascal Urbon agreed upon a contract extension by another five years to 2022 . Says supervisory board of SMA solar technology AG has resolved changes to sma managing board . Says Roland Grebe and supervisory board came to a corresponding agreement today . Says supervisory board has appointed Ulrich Hadding as board member for finance, HR and legal effective january 1, 2017. . Says dr. Jürgen reinert will remain responsible for development, operations and business units. .dgap-news: sma solar technology changes board positions.  Full Article

SMA Solar CEO says experiencing some delays in projects in U.S.
Thursday, 11 Aug 2016 03:51am EDT 

Sma Solar Technology Ag : Ceo says we experience some delays in projects in u.s. Market, but overall situation is intact . Ceo says sees strong interest from strategic investors in sma railway technology unit it is trying to sell Further company coverage: [S92G.DE] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: frankfurt.newsroom@thomsonreuters.net)).  Full Article

SMA Solar CEO says July earnings nearly matched all of Q2
Thursday, 11 Aug 2016 01:50am EDT 

SMA Solar Technology AG CEO tells Reuters : Earnings in July were nearly as good as whole Q2 . Aims to lower fixed costs by another 15 percent in coming months Further company coverage: [S92G.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

SMA Solar says upper end of forecast range is ambitious
Thursday, 11 Aug 2016 01:12am EDT 

SMA Solar : H1 sales rose 15.1 percent to 494.1 million eur . H1 profit 19.4 million eur versus -21.4 million eur loss year ago . Is anticipating a further intensification of price pressure in 2017 compared to current year . Announcing closure of production locations in Denver, USA, and Cape Town, South Africa .Upper end of forecast earnings range is ambitious given price developments in solar industry.  Full Article

Sma Solar Technology AG takes stake in Silicon Valley group Tigo
Friday, 8 Apr 2016 04:00am EDT 

Sma Solar Technology AG:Is taking 27 percent stake in Tigo Energy Inc as part of $20 million capital increase of Los Gatos-based group.Investment will give SMA access to market of module-level power electronics (MLPE), with estimated annual market volume of about 700 million euros ($796 million).  Full Article

Sma Solar Technology AG confirms FY 2016 outlook, to propose FY 2015 dividend
Wednesday, 30 Mar 2016 12:50am EDT 

Sma Solar Technology AG:Sees 2016 EBITDA of 150-190 million euros.Says still expects sales of 950 million euros to 1.05 billion euros in 2016.Says still expects EBIT of 80-120 million euros in 2016.Proposes 2015 dividend of 0.14 euros per share.FY 2016 revenue 1,059 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT 127.39 million euros - Thomson Reuters I/B/E/S.FY 2016 EBITDA 204.00 million euros - Thomson Reuters I/B/E/S.  Full Article

Sma Solar Technology to provide PV systems' performance data to TenneT
Friday, 12 Feb 2016 04:13am EST 

Sma Solar Technology AG:Says SMA collaborates with TenneT for better solar power feed-in predictions.Says ‍signed a contract for provision of current performance data from PV systems​.  Full Article

Sma Solar Technology collaborates with Daimler unit Accumotive in storage solutions
Tuesday, 2 Feb 2016 07:00pm EST 

Sma Solar Technology AG:Collaborates with Daimler unit Accumotive in storage solutions.  Full Article

Sma Solar Technology AG issues FY 2016 outlook below analysts' estimates
Friday, 29 Jan 2016 03:07am EST 

Sma Solar Technology AG:Expects considerable earnings increase with sales of 950 million euros to 1,050 million euros in 2016.Forecasting considerable increase in EBIT to between 80 million and 120 million euros in FY 2016.FY 2016 revenue 1,078 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT 113.78 million euros - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

SMA Solar forecasts decline in 2017 results on drop in prices

FRANKFURT SMA Solar , the world's largest maker of solar inverters, forecast a decline in sales and earnings for this year due to high price pressure.