DGAP-Adhoc: SMA Solar Technology AG: Board adjusts sales and profit forecast 2011

SMA Solar Technology AG  / Key word(s): Profit Warning

19.09.2011 13:35

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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

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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
 
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