SMA Solar Technology AG (S92G.DE)
Thu, Mar 30 2017
FRANKFURT/DUESSELDORF SMA Solar , Germany's biggest solar company, plans to expand its energy management business, hoping the market will have higher entry barriers for Chinese competitors than its core business of making invertors to feed solar power into the grid.
* 2016 net income at 29.6 mln euros, up from 14.3 mln (Adds quotes, details on new strategy)
FRANKFURT, March 30 SMA Solar, Germany's largest solar group, is holding on to its cash pile to cope with an eventual downturn of the industry, its finance chief said, adding takeovers were not on the agenda after the group presented full-year results.
DUESSELDORF, Germany, March 30 SMA Solar , the world's largest maker of solar inverters, had a good start to the year with first-quarter orders for its services beating those during the last three months of 2016, its chief executive said.
FRANKFURT, March 30 SMA Solar, Germany's largest solar company, will propose a dividend of 0.26 euros ($0.28) per share for 2016, almost twice its payout for the previous year, but warned of a challenging year ahead due to increase pricing pressure.
FRANKFURT/BERLIN SMA Solar , the world's largest maker of solar inverters, agreed to sell its railway technology unit to China's Beijing Dinghan Technology , shedding a non-core asset as pricing pressure in its main business intensifies.
* Shares up 2.3 pct (Recasts, adds Q1 sales outlook, details on unit)
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.
FRANKFURT, Jan 26 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.
* 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