Last €12.11 EUR
Change Today +0.157 / 1.31%
Volume 38.7K
S92 On Other Exchanges
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As of 6:40 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

sma solar technology ag (S92) Snapshot

Open
€12.31
Previous Close
€11.95
Day High
€12.32
Day Low
€11.76
52 Week High
03/6/14 - €50.10
52 Week Low
01/29/15 - €10.28
Market Cap
420.2M
Average Volume 10 Days
235.0K
EPS TTM
€-2.91
Shares Outstanding
34.7M
EX-Date
05/28/14
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 develops, produces, and distributes solar inverters worldwide. Its Medium Power Solutions segment develops, produces, and distributes system technology for photovoltaic (PV) applications in the grid-tied building and commercial field. This segment offers inverters and communication products under the Sunny Boy, Sunny Mini Central, Sunny Tripower, and Sunny Island names. This segment 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 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.

5,065 Employees
Last Reported Date: 11/6/14
Founded in 1981

sma solar technology ag (S92) Top Compensated Officers

Chief Executive Officer, Chief Financial Offi...
Total Annual Compensation: €350.0K
Executive Vice President of European Sales
Total Annual Compensation: €350.0K
Chief Technology Officer, Labor Director and ...
Total Annual Compensation: €350.0K
Compensation as of Fiscal Year 2013.

sma solar technology ag (S92) Key Developments

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.

Roland Bent Joins Supervisory Board of SMA Solar Technology AG

On January 28, 2015, the Kassel District Court appointed Roland Bent, a member of the management of Phoenix Contact GmbH & Co. KG, to the Supervisory Board of SMA Solar Technology AG. This appointment of a new shareholder representative was due to the death of SMA's founder and Chairman of the Supervisory Board Dr.-Ing. h. c. G-nther Cramer on January 6, 2015. The electrical engineer Roland Bent has been a member of the management of Phoenix Contact GmbH & Co. KG, The SMA Supervisory Board will elect a new chairman at its meeting on February 11, 2015.

SMA Solar Technology AG Plans Global Staff Reductions

The Managing Board of SMA Solar Technology AG announced that it is anticipating a difficult fiscal year 2015 and a decline in sales. Against this background, the Managing Board plans to cut approximately 1,600 full-time positions in all functional areas worldwide by June 30, 2015 based on the total of 4,667 full-time positions (without temporary employees) as of December 31, 2014. Approximately 1,300 full-time positions in Germany and approximately 300 full-time positions at SMA's international locations are affected. The cutback targets of over 600 full-time positions that were announced last year are included in these figures. The Managing Board expects to see a great deal of price pressure on the global photovoltaic market still in the coming years and a further decline in demand in Europe, particularly in Germany. By contrast, the non-European markets will develop positively. This means, that although the market measured in gigawatts will continue to grow in the medium term, the company expects to see a global decline when measured in euros. To return to profitability in this environment, SMA will adjust its structures to the lower sales level. The Managing Board and the Works Council will discuss the necessary measures and layoffs in the coming weeks. However, the effects of these measures will not emerge until the second half of the year at the earliest, meaning that SMA will probably not yet return to profitability in the current fiscal year With net cash of approximately EUR 220 million, SMA will be able to finance the transformation and the strategy with its own resources.

 

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