SMA Solar Technology AG

S92

Equity

ISIN DE000A0DJ6J9 / Valor 4337414

Xetra (2024-11-22)

EUR 11.86+3.85%

SMA Solar Technology AG
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About company

SMA Solar Technology AG is a leading global specialist in photovoltaic system technology, headquartered in Germany. The company focuses on the development, production, and sales of inverters for a wide range of applications, from residential to large scale solar projects. SMA's product portfolio includes solutions for solar power generation, storage, and management, aiming to enhance energy efficiency and promote grid independence. Their SMA Home Energy Solution exemplifies their commitment to providing comprehensive solar energy systems, integrating high-quality equipment with smart management capabilities. This modular solution caters to varying customer needs, allowing for easy start-up and scalable expansion. SMA Solar Technology AG serves a diverse clientele, including PV professionals and homeowners, emphasizing innovation and service in the renewable energy sector.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the fiscal year 2023, SMA Solar Technology AG reported a significant increase in revenue, amounting to €1,904.1 million, compared to €1,065.9 million in 2022. This substantial growth underscores the company's strong performance in the renewable energy sector.

EBITDA Improvement

SMA Solar Technology AG's EBITDA saw a remarkable rise in 2023, reaching €311.0 million, up from €70.0 million in the previous year. This improvement in earnings before interest, taxes, depreciation, and amortization reflects enhanced operational efficiency and profitability.

Net Income Surge

The net income of SMA Solar Technology AG significantly increased to €225.7 million in 2023, a sharp recovery from a net loss of €23.2 million in 2021. This turnaround highlights the company's successful strategic initiatives and market adaptation.

Dividend Announcement

Reflecting the strong financial performance in 2023, SMA Solar Technology AG announced a dividend of €0.81 per share, which is a positive shift from the previous year's €0.67 per share, providing a direct benefit to its shareholders.

Future Outlook

Looking ahead, SMA Solar Technology AG remains optimistic about the future, projecting sales to be between €1,950 million and €2,220 million for the fiscal year 2024. The company expects an operating result (EBITDA) ranging from €220 million to €290 million, indicating continued growth and financial health.

Summarized from source with an LLMView Source

Key figures

-79.6%1Y

-74.4%3Y

-61.7%5Y

Performance

62.9%1Y

61.2%3Y

58.5%5Y

Volatility