In addition to strong residential sales, SMA reported robust growth across its commercial, industrial and utility-scale segments in the first nine months of 2020. Sales in the commercial and industrial segment increased by 74.4 per cent to approximately €334 million. Turnover for solar parks rose by more than 70 per cent to around €518 million. The Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) grew from €50.2 million to €231.2 million, representing a margin of 17.3 per cent.
Turnover of between 1.8 and 1.9 billion euros
Improved utilisation of production capacity was a key factor in the positive development. According to SMA, the increased volume helped reduce associated fixed costs. Earnings before interest and taxes (EBIT) totalled €201.6 million – significantly higher than the previous year’s figure of €21.8 million.
SMA awarded for sustainability management
At the end of September 2023, the order backlog remained at a very high level of just over €2 billion. More than three quarters of the €1,647 million relates to the product business. The SMA Managing Board has once again confirmed the upwardly adjusted turnover and earnings forecast for the 2023 fiscal year, which anticipates turnover of between €1.8 billion and €1.9 billion. (nhp/mfo)
