SMA Solar Technology AG (S92G.DE)
25 May 2017
FRANKFURT, May 23 SMA Solar, Germany's largest solar group, saw its order backlog increase by more than 3 percent in April from March to 646 million euros ($727 million), its chief executive told shareholders on Tuesday at the group's annual general meeting in Kassel.
BERLIN/FRANKFURT, May 23 The DAX top-30 index looked set to open unchanged on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0612 GMT.
FRANKFURT Europe's embattled solar power industry has been dealt a fresh blow, with cut-price competition from China driving Germany's SolarWorld into insolvency and wiping out quarterly profits at SMA Solar . | Video
* Nordex says Q1 order intake down nearly 40 pct (Wraps SolarWorld, SMA, Nordex, recasts)
FRANKFURT, May 11 SMA Solar, Germany's largest solar group, posted a 90-percent drop in first-quarter operating profit, pointing to a severe decline in prices that led panel-making peer SolarWorld to file for insolvency late on Wednesday.
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.