Key Developments: SMA Solar Technology AG (SMTGF.PK)
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14 May 2013
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Latest Key Developments (Source: Significant Developments)
Sma Solar Technology AG Confirms FY 2013 Sales Guidance
Sma Solar Technology AG announced that it confirms its sales guidance for the fiscal year 2013. The Company predicts sales of between EUR 0.9 billion and EUR 1.3 billion for the fiscal year 2013. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 sales of EUR 1,168.39 million. Full Article
Sma Solar Technology AG to Issue FY 2012 Dividend; Confirms FY 2013 Sales Guidance
Sma Solar Technology AG announced that it plans to issue fiscal year 2012 dividend of EUR 0.60 per share. For the fiscal year 2011, the Company issued a dividend of EUR 1.30 per share. The Company's Managing Board confirms the sales guidance for the fiscal year 2013, and thus predicts sales of EUR 0.9 billion to EUR 1.3 billion. Nevertheless, the Managing Board cannot exclude the possibility of a loss. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 sales of EUR 1,128.24 million. Full Article
Sma Solar Technology AG to Acquire Jiangsu Zeversolar New Energy Co., Ltd.
Sma Solar Technology AG announced that it has concluded a contract in Shanghai about the acquisition of a majority stake of 72.5% in Jiangsu Zeversolar New Energy Co., Ltd., an inverter manufacturer in China. The economic start of the acquisition is planned for January 1, 2013. The transaction is still subject to approval by Chinese government authorities and the responsible anti-trust offices. Full Article
Sma Solar Technology AG Establishes Sales and Service Companies in South Africa and Chile
Sma Solar Technology AG (SMA) announced that it has expanded its global presence with new sales and service companies in South Africa and Chile. In these markets the Company is initially concentrating on installations in the power plant category, while at the same time also offering PV inverters and system technology for all other plant sizes. In addition, the new offices provide consulting for photovoltaic project planning, customer training and a range of services. The opening of the offices in Santiago (Chile) and Centurion (South Africa) is a further step in SMA's internationalization strategy. Full Article
Sma Solar Technology AG Confirms FY 2012 EBIT and Sales Guidance
Sma Solar Technology AG announced that its Management Board confirms the sales and earnings forecast for the fiscal year 2012. It predicts fiscal year 2012 operating profit (EBIT) of between EUR 100 million and EUR 150 million on sales of between EUR 1.3 billion and EUR 1.5 billion. This corresponds to an EBIT margin of between 8% and 10%. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 EBIT of EUR 110.01 million and revenue of EUR 1,433.72 million. Full Article
Sma Solar Technology AG Issues FY 2013 Sales Guidance Below Analysts' Estimates; to Cut Jobs
Sma Solar Technology AG announced that its Managing Board expects severe decline in sales and thus predicts fiscal year 2013 sales of between EUR 0.9 billion and EUR 1.3 billion. The Company also sees itself forced to adjust the personnel structures to the declining sales. It is planned that SMA will gradually cut 450 employees worldwide and end the use of 600 temporary employees. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 sales of EUR 1,348.34 million. Full Article
Sma Solar Technology AG Appoints New CFO
Sma Solar Technology AG announced that its Supervisory Board has appointed Ms. Lydia Sommer to the Company's Managing Board as Chief Financial Officer (CFO). From November 1, 2012, Ms. Sommer will take over responsibility for Finance and Legal from Pierre-Pascal Urbon, who was previously responsible for these areas as part of his combined role as Speaker of the Managing Board and Chief Financial Officer. Full Article
Sma Solar Technology AG Confirms FY 2012 Guidance; Issues Q3 FY 2012 Outlook In Line with Analysts' Estimates
Sma Solar Technology AG announced that it has confirmed its forecast for the fiscal year 2012. The Company expects sales of between EUR 1,300.00 million and EUR 1,500.00 million and an operating profit (EBIT) of between EUR 100 million and EUR 150 million, representing an EBIT margin of between 8% and 10%. Moreover, the Company announced that its Managing Board is forecasting sales of between EUR 330 million and EUR 360 million and EBIT of between EUR 20 million and EUR 35 million, corresponding to an EBIT margin of between 6% and 10% for the third quarter of the fiscal year 2012 (Q3 FY 2012). According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 1,416.07 million, fiscal year 2012 EBIT of EUR 115.76 million, Q3 FY 2012 revenue of EUR 320.94 million and Q3 FY 2012 EBIT of EUR 19.36 million. Full Article
Sma Solar Technology AG Raises FY 2012 Revenue and EBIT Guidance
Sma Solar Technology AG announced that on the basis of the positive performance in the first half of the fiscal year 2012, the Managing Board of the Company has raised the lower end of the sales and earnings guidance for the fiscal year 2012. The amended guidance forecasts an operating profit of between EUR 100 million and EUR 150 million and sales of between EUR 1,300.00 million and EUR 1,500.00 million (previously: sales of between EUR 1,200.00 million and EUR 1,500.00 million; EBIT of between EUR 60 million and EUR 150 million). This equates to an EBIT margin of between 8% and 10% (previously of between 5% and 10%). According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 1,379.41 million and fiscal year 2012 EBIT of EUR 107.14 million. Full Article
Sma Solar Technology AG Confirms FY 2012 Guidance
Sma Solar Technology AG announced that its Managing Board has confirmed the sales and earnings guidance published for the fiscal year 2012 and estimates sales of between EUR 1,200.00 million and EUR 1,500.00 million and an EBIT margin of between 5% and 10%. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 1,363.83 million. Full Article
UPDATE 1-SMA Solar books Q1 operating loss on solar sector woes
FRANKFURT, May 15 - Germany's SMA Solar reported its second straight quarterly loss and said it would cut more jobs, under pressure from free-falling prices and a looming trade war that has hurt margins in the solar sector.
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