EQS-Adhoc: SMA Solar Technology AG Announces Restructuring and Transformation Program

EQS-Ad-hoc: SMA Solar Technology AG / Key word(s): Restructure of Company
SMA Solar Technology AG Announces Restructuring and Transformation Program

25-Sep-2024 / 21:41 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 Solar Technology AG Announces Restructuring and Transformation Program

Niestetal, September 25, 2024 – Subsequent to the previous reporting on the
business development of SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FSE:
S92), the company announces the following:

The sales development in the Home Solutions and Commercial & Industrial
Solutions segments continues to be significantly influenced by persistently
high inventories at distributors and installers as well as a generally very
challenging market environment. The Large Scale & Project Solutions segment
continues to develop according to plan.

The Managing Board has decided to initiate a company-wide restructuring and
transformation program aimed at increasing efficiency and strategic focus.

In line with this, the Managing Board is aiming to achieve cost savings of
an estimated EUR 150 million to EUR 200 million. The main areas of action
were discussed with the Supervisory Board on 25 September.

In the restructuring and transformation program, measures are to be
developed in the following fields of action: (1) Optimization of the
company's cost structure, (2) Adjustment of the organizational structure and
processes, (3) Strategic repositioning of the company on the market.

The program will help ensure that the company can grow profitably, even in a
market environment that remains volatile.

If the measures to be developed have an impact on the sales and earnings
guidance for the current financial year, the outcome will be published
immediately.

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: 1995825



End of Announcement EQS News Service
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1995825 25-Sep-2024 CET/CEST