DGAP-Adhoc: SMA Solar Technology AG: SMA achieves a significant increase in sales and a record profit in 2008 based on preliminary figures and resolves to expand its Managing Board

SMA Solar Technology AG / Change of Personnel/Preliminary Results

19.02.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Sales more than doubled to c. EUR 680 million
- EBIT rose c. 170 % to more than EUR 160 million
- Dividend of EUR 1.00 planned for 2008
- Managing Board to be expanded to five members
- Chief Financial Officer Reiner Wettlaufer moves to 
 Supervisory Board 

SMA Solar Technology AG (FWB: S92) has completed the most successful
financial year in company history with new record sales and profit. Based
on preliminary figures the company saw sales more than double to c. EUR 680
million in 2008 over EUR 327 million for the previous year as a result of
the high demand for SMA solar inverters. During the reporting period the
EBIT rose by c. 170 % to more than EUR 160 million (previous year: EUR 59
million). The EBIT margin of SMA thus increased from 18 % in 2007 to more
than 24 %. The company simultaneously expanded its market and technology
leadership and its share of exports. In view of the excellent development
of business the Managing and Supervisory Boards will recommend to the
annual general meeting a dividend of EUR 1.00 per share to be paid out. SMA
will present the complete financial statements at the annual press
conference on March 31, 2009 in Frankfurt am Main.

SMA furthermore expects that the photovoltaic market will continue to
develop dynamically in particular with regard to technological innovations
aiming at cost reduction and with regard to further internationalization.
The company has therefore resolved to further expand its R&D activities and
position itself in time in new markets with the clear goal to achieve
market leadership. In order to ensure that the necessary management
resources are available, the Managing Board will be strengthened through
the addition of executives with extensive managerial experience at SMA. The
Supervisory Board therefore resolved today to expand the Managing Board
from four to five members combined with a partial realignment of duties. In
addition, the contracts of company founders Günther Cramer and Peter Drews,
which were set to expire in August 2009, will be extended through 2011.
This move ensures full continuity at the managerial level.

In the context of this realignment, the strategy and development function
will be divided. CEO Günther Cramer will concentrate on the development of
corporate strategy and human resources. Roland Grebe (48), graduate
engineer, will become the new Managing Board member in charge of research
and development. Roland Grebe has been with SMA for 24 years and is
currently a senior manager in charge of the development of important
product lines.

In line with his personal plans for the future CFO Reiner Wettlaufer has
decided to not extend his contract as Chief Financial Officer but to seek
election to the Supervisory Board at the 2009 annual general meeting. He
will maintain close ties to the company as a Supervisory Board member and
as a major shareholder on a long-term basis. Mr. Wettlaufer will be
replaced by Pierre-Pascal Urbon, who currently serves as Managing Board
member in charge of sales, marketing and investor relations. The highly
experienced financial and capital markets expert will combine the finance
and investor relations functions. Marko Werner (45), graduate engineer,
will succeed Pierre-Pascal Urbon as Chief Marketing & Sales Officer. Marko
Werner has been with SMA for 22 years and currently serves as senior vice
president in charge of group-wide sales.

Effective June 11, 2009, on the day after the annual general meeting, the
Managing Board of SMA Solar Technology AG will therefore consist of the
following five members: Günther Cramer (CEO; strategy & human resources),
Peter Drews (Chief Operating Officer), Roland Grebe (Chief Technology
Officer), Pierre-Pascal Urbon (Chief Financial Officer) and Marko Werner
(Chief Marketing & Sales Officer).

Managing Board members Günther Cramer and Peter Drews have also announced
that they will seek election to the Supervisory Board in 2011 following the
expiration of their new two-year contracts. All company founders will
maintain their ties to the company as major shareholders and intend to hold
on to their stakes in the long term.

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Information and Explaination of the Issuer to this News:

Press contact:
SMA Solar Technology AG

Volker Wasgindt
Head of Media and Association Relations
Sonnenallee 1
34266 Niestetal
Germany
Tel. +49 561 9522-11 21
Fax.+49 561 9522-11 03
Volker.Wasgindt@SMA.de

Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Phone: +49 561 9522 1172

Julia Damm (Private Investors)
Phone: +49 561 9522 22 22

Sonnenallee 1
34266 Niestetal
Germany
Tel. +49 561 9522-22 22
Fax.+49 561 9522-22 23
ir@sma.de


Disclaimer:
This document contains forward-looking statements and information - that
is, statements related to future, not past, events. These statements may be
identified by words such as 'expects,' 'looks forward to,' 'anticipates,'
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'will,' 'project' or
words of similar meaning. Such statements are based on our current
expectations and certain assumptions, and are, therefore, subject to
certain risks and uncertainties. A variety of factors, many of which are
beyond SMA's control, affect our operations, performance, business strategy
and results and could cause the actual results, performance or achievements
of SMA to be materially different from any fu-ture results, performance or
achievements that may be expressed or implied by such forward-looking
statements. For us, particular uncertainties arise, among others, from
changes in general economic and business conditions (including margin
developments, the legal and regulatory framework, changes in currency
exchange rates and interest rates. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in the
relevant forward-looking statement as expected, anticipated, intended,
planned, believed, sought, estimated or projected. SMA does not intend or
assume any obligation to update or revise these forward-looking statements
in light of developments which differ from those anticipated.
DGAP 19.02.2009 
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Language:     English
Issuer:       SMA Solar Technology AG
              Sonnenallee 1
              34266 Niestetal
              Deutschland
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:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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