EQS-Adhoc: SMA reduces sales and earnings guidance due to sustained market slowdown in the Home and C&I segments as well as the restructuring and transformation program

EQS-Ad-hoc: SMA Solar Technology AG / Key word(s): Change in
Forecast/Restructure of Company
SMA reduces sales and earnings guidance due to sustained market slowdown in
the Home and C&I segments as well as the restructuring and transformation
program

13-Nov-2024 / 22:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, 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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SMA reduces sales and earnings guidance due to sustained market slowdown in
the Home and C&I segments as well as the restructuring and transformation
program

Niestetal, November 13, 2024 – The sustained market slowdown in the Home
Solutions and Commercial & Industrial Solutions segments and the initiatives
derived from the restructuring and transformation program announced in
September 2024 are resulting in several one-off effects for this fiscal year
that include inventory value adjustments as well as restructuring
expenditures amounting to an estimated €100 million to €140 million.
Additionally, accounting depreciation and amortization will lead to a
further estimated €20 million to €30 million reduction in EBIT as part of
the Annual Financial Statement. The Managing Board now expects EBITDA of
between minus €20 million to €20 million and EBIT of between minus €100
million to minus €50 million. The amount of the provisions is subject to
further reviews.

Due to the aforementioned market weakness, the group revenue will be
slightly adjusted downwards to a range of €1,450 million euros to €1,500
million.

In addition to operational savings, the measures and envisaged cost savings
amounting to €150 to €200 million will also result in necessary job cuts
affecting up to 1,100 full-time positions worldwide.

Contact:

Viona Brandt

Investor Relations

viona.brandt@sma.de

Phone: +49 151 277 658 25


End of Inside Information

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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: info@sma.de
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: 2029599



End of Announcement EQS News Service
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2029599 13-Nov-2024 CET/CEST