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Last €17.30 EUR
Change Today -0.439 / -2.48%
Volume 139.5K
As of 1:00 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

sma solar technology ag (S92) Snapshot

Open
€18.21
Previous Close
€17.74
Day High
€18.21
Day Low
€17.04
52 Week High
06/23/14 - €32.68
52 Week Low
01/29/15 - €10.28
Market Cap
600.2M
Average Volume 10 Days
344.5K
EPS TTM
€-4.88
Shares Outstanding
34.7M
EX-Date
05/22/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SMA SOLAR TECHNOLOGY AG (S92)

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sma solar technology ag (S92) Details

SMA Solar Technology AG, together with its subsidiaries, develops, produces, and distributes photovoltaic (PV) inverters, transformers, choke coils, and monitoring and energy management systems worldwide. The company’s Medium Power Solutions segment provides system technology for PV applications in the grid-tied building and commercial field. This segment offers its products and services under the Sunny Boy, Sunny Mini Central, Sunny Tripower, and Sunny Island names. It also develops and distributes products used for monitoring PV systems and energy management; and produces transformers, chokes, and coils. The company’s Power Plant Solutions segment offers central inverters and system solutions for large-scale PV power plants under the Sunny Central name. Its Services segment provides services, including warranty extensions, service and maintenance contracts, operational management, remote system monitoring, and spare parts. The company’s Zeversolar segment offers central and string inverters. Its Railway Technology segment provides converters as individual devices; complete energy supply systems for railway coaches; and multiple-unit trains for short and long-distance railway traffic. The company was formerly known as SMA Technologie AG and changed its name to SMA Solar Technology AG in June 2008. SMA Solar Technology AG was founded in 1981 and is headquartered in Niestetal, Germany.

4,682 Employees
Last Reported Date: 05/5/15
Founded in 1981

sma solar technology ag (S92) Top Compensated Officers

Chief Executive Officer, Chief Financial Offi...
Total Annual Compensation: €1.3M
Executive Vice President of European Sales
Total Annual Compensation: €331.0K
Member of Management Board
Total Annual Compensation: €725.0K
Member of Managing Board
Total Annual Compensation: €594.0K
Compensation as of Fiscal Year 2014.

sma solar technology ag (S92) Key Developments

SMA Solar Technology AG Announces Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the First Half and Full Year 2015 and 2016

SMA Solar Technology AG announced earnings results for the first quarter of 2015. For the quarter, the company’s sales increase year-on-year to EUR 226.3 million from EUR 176.3 million a year ago. Operating loss (LBIT) improved considerably to EUR 5.4 million from EUR 22.4 million a year ago. EBITDA was EUR 13.4 million against LBITDA of EUR 2.5 million a year ago. The company generated gross cash flow was EUR 16.1 million. For the first half year 2015, the Managing Board is expecting sales of EUR 400 million to EUR 450 million and operating loss (LBIT) of EUR 15 million to EUR 25 million.  For 2015, the board is confirming the sales and earnings forecast for the current fiscal year, which predicts sales of EUR 730 million to EUR 770 million. The board is forecasting negative operating earnings (LBIT) of EUR 30 million to EUR 60 million. The board expects depreciation and amortization of approximately EUR 70 million. For 2016, the managing board expects to return to positive operating earnings (EBIT).

SMA Solar Technology AG Announces Consolidated Earnings Results for the Year 2014; Provides Earnings Guidance for the First Quarter of 2015 and Full Year of Fiscal 2016; Reaffirms Earnings Guidance for the Full Year of 2015

SMA Solar Technology AG announced consolidated earnings results for the year 2014. For the year, the company’s sales decline of 13.6% to EUR 805.4 million compared to EUR 932.5 million a year ago, primarily as a result of the market development. In Europe and China, demand for PV inverters fell last year due to a change in political conditions. Operating loss was EUR 164.9 million compared to EUR 89.1 million a year ago, impacted by high fixed costs, business in China and one-time items. The consolidated loss amounted to EUR 179.3 million in the reporting period compared to EUR 66.9 million a year ago. The earnings before interest and tax (EBIT) result includes a loss of EUR 104.7 million related to high expenditure for provisions for its planned job cuts, further one-time items from impairment and the loss from the Zeversolar business in China. The loss before interest, tax, depreciation and amortisation widened to EUR 58.4 million from EUR 5.5 million in 2013. For the first quarter of 2015, the company is anticipating sales of EUR 210 million to EUR 230 million and operating loss EUR 5 million to EUR 10 million. It is therefore expecting business performance to be more positive than in the same period of the previous year. The company reaffirmed the sales and earnings forecast for the fiscal year 2015 and predicts sales of EUR 730 million to EUR 770 million. Given that the savings from the transformation measures currently being implemented will only be recognized in profit or loss from mid-2015 at the earliest, the board is forecasting operating loss of EUR 30 million to EUR 60 million for the current year. The company expects to return to positive operating earnings (EBIT) in 2016.

SMA Solar Technology AG Announces Executive Changes

The Supervisory Board of SMA Solar Technology AG is reducing the number of Managing Board members in the course of the company's transformation. Lydia Sommer will leave the SMA Managing Board on February 28, 2015. She has been in charge of Finance, Legal and Compliance at SMA since November 2012. SMA Chief Executive Officer Pierre-Pascal Urbon will also take over responsibility for Finance, Legal and Compliance as Chief Financial Officer, in addition to Strategy. Roland Grebe, formerly Board Member for Technical Innovation, will be in charge of Human Resources and IT and will become the new Labor Director at company, J-rgen Reinert will take on overall responsibility for Technology. As of March 1, 2015, the Managing Board of company will comprise the following members: Roland Grebe (Human Resources and IT), Martin Kinne (Sales and Service), Dr.-Ing. Jrgen Reinert (Technology), Pierre-Pascal Urbon (Chief Executive Officer, Strategy and Finance). Dr. Erik Ehrentraut was elected the new Chairman of the Supervisory Board on February 11, 2015.

 

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Industry Analysis

S92

Industry Average

Valuation S92 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.4x
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