From January to September 2017, German inverter manufacturer SMA Solar Technology AG sold PV inverters with a total output of 5.9 GW, thereby surpassing the previous year (Q1–Q3 2016: 5.7 GW). Sales decreased to €592.5 million ($686 million) compared to €708.8 million in Q1-Q3 2016. According to the company, the main cause of this was the weak business with central inverters for large-scale PV power plants in North America. The Asian markets recorded positive development with an increase in sales of 43 percent, and SMA also saw rising sales in the EMEA region. The company generated EBITDA of €55.3 million (Q1–Q3 2016: €107.9 million). Earnings before interest and taxes (EBIT) was €15.6 million (Q1–Q3 2016: €59.4 million). Net income was €25.0 million in the reporting period (Q1–Q3 2016: €36.9 million).
To date, the fiscal year has gone better for SMA than the company had expected at the start of the year, said SMA CEO Pierre-Pascal Urbon. »We expect strong end-of-year business and are confident about achieving our objective for the year.« However, due to a supply shortage of critical components »we will probably come in at the lower end of the sales guidance.« The guidance for the 2017 fiscal year now forecasts sales of more than €900 million and unchanged EBITDA of between €85 million and €100 million.
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