EQS-Adhoc: SMA reduces sales and earnings guidance due to sustained market slowdown in the Home and C&I segments as well as the restructuring and transformation program
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EQS-Ad-hoc: SMA Solar Technology AG / Key word(s): Change in Forecast/Restructure of Company SMA reduces sales and earnings guidance due to sustained market slowdown in the Home and C&I segments as well as the restructuring and transformation program Niestetal, November 13, 2024 – The sustained market slowdown in the Home Solutions and Commercial & Industrial Solutions segments and the initiatives derived from the restructuring and transformation program announced in September 2024 are resulting in several one-off effects for this fiscal year that include inventory value adjustments as well as restructuring expenditures amounting to an estimated €100 million to €140 million. Additionally, accounting depreciation and amortization will lead to a further estimated €20 million to €30 million reduction in EBIT as part of the Annual Financial Statement. The Managing Board now expects EBITDA of between minus €20 million to €20 million and EBIT of between minus €100 million to minus €50 million. The amount of the provisions is subject to further reviews. Due to the aforementioned market weakness, the group revenue will be slightly adjusted downwards to a range of €1,450 million euros to €1,500 million. In addition to operational savings, the measures and envisaged cost savings amounting to €150 to €200 million will also result in necessary job cuts affecting up to 1,100 full-time positions worldwide.
Contact: Viona Brandt Investor Relations Phone: +49 151 277 658 25
End of Inside Information
13-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | SMA Solar Technology AG |
| Sonnenallee 1 | |
| 34266 Niestetal | |
| Germany | |
| Phone: | +49 (0)561 / 9522 - 0 |
| Fax: | +49 (0)561 / 9522 - 100 |
| E-mail: | info@sma.de |
| Internet: | http://www.sma.de |
| ISIN: | DE000A0DJ6J9 |
| WKN: | A0DJ6J |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2029599 |
| End of Announcement | EQS News Service |
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2029599 13-Nov-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 760,93 | 915,07 | 1.026,58 | 983,67 | 1.065,95 | 1.870,00 | 1.480,00 | |
| EBITDA1,2 | -69,10 | 34,19 | 71,48 | 8,70 | 70,01 | 310,96 | -17,00 | |
| EBITDA-Margin3 | -9,08 | 3,74 | 6,96 | 0,88 | 6,57 | 16,63 | -1,15 | |
| EBIT1,4 | -151,71 | -11,77 | 27,91 | -32,97 | 31,89 | 269,50 | -86,00 | |
| EBIT-Margin5 | -19,94 | -1,29 | 2,72 | -3,35 | 2,99 | 14,41 | -5,81 | |
| Net Profit (Loss)1 | -175,49 | -8,53 | 28,09 | -23,00 | 55,82 | 225,67 | -91,00 | |
| Net-Margin6 | -23,06 | -0,93 | 2,74 | -2,34 | 5,24 | 12,07 | -6,15 | |
| Cashflow1,7 | -54,27 | -1,18 | -31,38 | 94,26 | 28,66 | 140,78 | 65,00 | |
| Earnings per share8 | -5,06 | -0,25 | 0,81 | -0,66 | 1,61 | 6,50 | -2,60 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,50 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: BDO
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| SMA Solar Technology | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A0DJ6J | DE000A0DJ6J9 | AG | 459,08 Mio € | 27.06.2008 | Halten | 9F3F8G8Q+3G |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 21,00 | 30,44 | 0,69 | 49,55 | 0,66 | 3,26 | 0,24 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,50 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 03.06.2025 | 08.05.2025 | 07.08.2025 | 14.11.2024 | 27.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -10,21% | -54,97% | -78,15% | -77,25% | -71,85% |
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