SMA Solar Technology AG

S92

Equity

ISIN DE000A0DJ6J9 / Valor 4337414

Xetra (2025-11-21)

EUR 31.92-6.94%

SMA Solar Technology AG
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About company

SMA Solar Technology AG is a German company specializing in the development and production of solar inverters and energy management systems. With over four decades of experience, SMA has established itself as a key player in the renewable energy sector, providing innovative solutions that facilitate the integration of solar power into energy grids worldwide. The company's product portfolio includes solar inverters, which are essential for converting direct current generated by solar panels into alternating current for use in homes and businesses, as well as comprehensive energy management systems that optimize energy consumption and storage. SMA's technology supports both residential and commercial applications, contributing to the global transition towards sustainable energy sources.

Summarized from source with an LLMView SourceSector: Technology

Sales Performance

In Q1 2024, SMA Solar Technology AG reported sales of €361.8 million, a decrease of 1.5% compared to €367.2 million in Q1 2023. The company maintained a robust export ratio of 67.9%, up from 59.3% the previous year.

Inverter Output Sold

The company achieved a significant increase in inverter output sold, reaching 4,253 MW in Q1 2024 compared to 3,236 MW in Q1 2023, marking a 31.4% growth.

EBITDA and Profitability

EBITDA for Q1 2024 stood at €49.9 million with an EBITDA margin of 13.8%, reflecting a decrease of 16.8% from €60.0 million and a margin of 16.3% in Q1 2023. Despite this, net income surged by 225.7% to €28.5 million, partly due to the sale of shares in elexon GmbH.

Capital Expenditure and Depreciation

Capital expenditures increased by 28.1% to €21.9 million in Q1 2024 from €17.1 million in the previous year. Depreciation costs also rose by 21.9%, reaching €11.7 million compared to €9.6 million in Q1 2023.

Workforce Expansion

Employee numbers rose by 19.3% to 4,518 in Q1 2024, with significant increases both in Germany and abroad, highlighting the company's ongoing growth and operational expansion.

Financial Position

Total assets grew by 2.1% to €1,656.3 million, and equity increased by 4.2% to €715.3 million, enhancing the company's financial stability. Net working capital also saw an 18.3% rise, while net cash decreased by 14.7% to €241.6 million.

Summarized from source with an LLMView Source

Key figures

180%1Y

-43.1%3Y

-33.8%5Y

Performance

83.5%1Y

68.3%3Y

64.5%5Y

Volatility