EQS-News: SMA Solar Technology AG / Key word(s): 9 Month figures/Quarterly /
Interim Statement
SMA group improves sales and earnings level in Q3 2022 and sees positive
trend for final quarter

10.11.2022 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG corporate news

SMA group improves sales and earnings level in Q3 2022 and sees positive
trend for final quarter

Overview of Q1-Q3 2022:

* Sales of €724 million (Q1-Q3 2021: €745 million)

* 8.7 GW inverter output sold (Q1-Q3 2021: 10.3 GW)

* Earnings before interest, taxes, depreciation and amortization (EBITDA)
at €50.2 million (Q1–Q3 2021: €52.9 million)

* Stable equity ratio of 38.2% (December 31, 2021: 39.0%)

* Managing Board confirms adjusted sales and earnings guidance for 2022:
sales of between €975 million and €1,050 million; EBITDA of between €60
million and €75 million

Niestetal, November 10, 2022 – SMA Solar Technology AG (SMA/FWB: S92) and
its subsidiaries generated earnings before interest, taxes, depreciation and
amortization (EBITDA) of €50.2 million from January to September 2022
(EBITDA margin: 6.9%; Q1–Q3 2021: €52.9 million; 7.1%). SMA sold inverters
with a total output of approximately 8.7 GW and generated €724.1 million in
sales from January to September 2022 (Q1-Q3 2021: €744.9 million). The
slight year-on-year decline in sales was mainly due to project delays in the
Large Scale & Project Solutions segment. In contrast, sales in the Home
Solutions and Commercial & Industrial Solutions segments increased despite
the challenges posed by the shortage of components.

Net income fell to €11.0 million (Q1–Q3 2021: €15.3 million). Earnings per
share thus amounted to €0.32 (Q1-Q3 2021: €0.44). Net cash slightly
increased to €223.9 million (December 31, 2021: €221.7 million). The equity
ratio remained high at 38.2% (December 31, 2021: 39.0%).

“The second half of the year got off to a good start, and we improved the
sales and earnings level significantly in the third quarter compared with
the first half of the year,” said SMA Chief Executive Officer Jürgen
Reinert. “Given that the order backlog is still very high and the delivery
situation for electronic components is continuing to improve, we are
confident that this trend will be carried forward into the fourth quarter.
We are also expecting to see an improvement in incoming orders for the Large
Scale & Project Solutions segment with corresponding contributions to sales
and earnings for the SMA group. This trend had already started in the third
quarter.”

The SMA Managing Board confirms its sales and earnings guidance for fiscal
year 2022 as adjusted on October 27, 2022, which forecasts sales of between
€975 million and €1,050 million (previously: €900 million to €1,050 million)
and EBITDA of €60 million to €75 million (previously: €10 million to €60
million).

The quarterly statement for January to September 2022 can be found at
www.sma.de/financialReports.

About SMA

As a leading global specialist in photovoltaic and storage system
technology, the SMA Group is setting the standards today for the
decentralized and renewable energy supply of tomorrow. SMA’s portfolio
contains a wide range of efficient PV and battery inverters, holistic system
solutions for PV and battery-storage systems of all power classes,
intelligent energy management systems and charging solutions for electric
vehicles and power-to-gas applications. Digital energy services as well as
extensive services up to and including operation and maintenance services
for PV power plants round off SMA’s range. SMA inverters with a total output
of more than 120 gigawatts have been installed in more than 190 countries
worldwide. SMA’s multi-award-winning technology is protected by more than
1,700 patents and utility models. Since 2008, the Group’s parent company,
SMA Solar Technology AG, has been listed on the Prime Standard of the
Frankfurt Stock Exchange (S92) and is listed in the TecDAX index and SDAX
index.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
[email protected]

Press Contact:
Susanne Henkel
Senior Corporate Communications Manager
Tel. +49 561 9522-1124
[email protected]

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 Managing 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.

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10.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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: [email protected]
Internet: www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1483455

End of News EQS News Service
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1483455 10.11.2022 CET/CEST