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SMA Solar Technology AG (SMTGF)
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2022-03-01DGAP-News: Management Board of SMA Solar Technology AG expects earnings for 2021 to be below adjusted guidance and presents sales and earnings guidance for 2022DGAP-News: SMA Solar Technology AG / Key word(s): PreliminaryResults/ForecastManagement Board of SMA Solar Technology AG expects earnings for 2021 to bebelow adjusted guidance and presents sales and earnings guidance for 202201.03.2022 / 19:09The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------SMA Solar Technology AG Corporate NewsManaging Board of SMA Solar Technology AG expects earnings for 2021 to bebelow adjusted guidance and presents sales and earnings guidance for 2022Niestetal, March 1, 2022 - The Managing Board of SMA Solar Technology AG(SMA/FWB: S92) expects earnings for 2021 to be below the guidance asadjusted on January 12, 2022 (EBITDA: #$%$20 million to #$%$30 million). Thebackground is the pre-contractual agreement on the extraordinary dissolutionof a contract for operation and maintenance (O&M) services for PV powerplants. Based on the resulting increased need for provisions, the ManagingBoard anticipates earnings (EBITDA) of about #$%$9 million. The preliminaryresult is still subject to the auditor's review. SMA sales amounted to #$%$984million in 2021.In addition, the SMA Managing Board today approved the sales and earningsguidance for 2022. For the current fiscal year, the Managing Boardanticipates sales of between #$%$900 million and #$%$1,050 million and earnings(EBITDA) of between #$%$10 million and #$%$60 million, particularly due to thecontinuing global chip shortage.\"The global shortage of chips and other electronic components has alreadyimpacted SMA's business development in the second half of 2021\", said SMAChief Executive Officer J�rgen Reinert. \"The supply situation remains tightand will continue to present us with challenges as the year progresses. Wewill do everything in our power to service the currently very good orderintake. After overcoming the component shortage, we see excellent growthprospects for SMA, especially against the background of the intensifiedglobal efforts to curb the climate crisis.\"SMA will publish the consolidated financial statements for 2021 on March 31,2022.
watching closely SMA. renewable tech should pay off in the long term.
Sma produce best investors in the world. It has more quality than enphase. I can't understand why it is not going UP like others solar stocks
has an alert for $SMTGF. Did anyone happen to see it as well? Looking for some good positive information from the company! Making money day trading. "rht"
Anyone here on this board.
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