SMA Solar Technology AG / Key word(s): Profit Warning 19.09.2011 13:35 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc-announcement of SMA Solar Technology AG SMA Solar Technology AG: Board adjusts sales and profit forecast 2011 due to the weak demand in the inverter business for roof top installations Niestetal, 19. September 2011 - According to a Managing Board estimate, the demand for solar power plants has only marginally improved in many solar markets after the summer months. Contrary to Managing Board expectations, SMA has established only a minor upturn in the high-volume business of solar inverters for roof systems. Pleasing development in the central inverters business for large-scale solar power plants cannot fully compensate for the weak commercial order situation. The Managing Board has consequently decided, in today's meeting, to revise its sales and earnings forecast for the 2011 fiscal year. For 2011, the Managing Board anticipates a sales range between EUR1.5 billion and EUR1.7 billion (previously: EUR1.5 billion and EUR1.9 billion) and an EBIT corridor of EUR220 million to EUR300 million (previously: EUR315 million to EUR475 million). About SMA SMA Solar Technology AG (SMA/FWB: S92) is the worldwide market leader for photovoltaic inverters, a leading supplier of transformers and chokes, and a provider of innovative energy supply solutions for mass transit and main-line rail transportation. The SMA Group generated sales of EUR1.9 billion in 2010. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 18 countries on four different continents. The Group employs a staff of over 5,300 worldwide with seasonally changing additional temporary employees. The multi award-winning product range covers solar inverters for roof systems, major solar projects and off-grid systems, enabling SMA to provide a technically optimized inverter solution for all size categories and system types. Its range of services is complemented by a worldwide service network. The highly flexible manufacturing plants for solar inverters in Germany and North America have a capacity of approximately 11.5 GW a year. The SMA Group also operates a manufacturing plant for electromagnetic core components in Poland. Since 2008, SMA has been listed on the Prime Standard of the Frankfurt Stock Exchange and also in the TecDAX index. In recent years, SMA has received numerous awards for its excellence as an employer and achieved first place in 2011 in the federal 'Great Place to Work' competition. SMA Solar Technology AG Sonnenallee 1 34266 Niestetal Germany Corporate Communications: Anja Jasper (Vice President) Tel. +49 561 9522-28 05 Presse@SMA.de Press contact: Susanne Henkel Press Officer Tel. +49 561 9522-11 24 Fax +49 561 9522-11 03 Presse@SMA.de Contact Investor Relations: Stephanie Kniep Director Investor Relations Tel. +49 561 9522-22 22 Fax +49 561 9522-22 23 ir@SMA.de Julia Damm Investor Relations Officer Tel. +49 561 9522-11 64 Disclaimer: This corporate news serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the 'Company') or any present or future subsidiary of the Company (together with the Company, the 'SMA Group') nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. This corporate news can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the executive board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments. 19.09.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: SMA Solar Technology AG: Board adjusts sales and profit forecast 2011
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