{"id":38014,"date":"2016-11-11T16:57:22","date_gmt":"2016-11-11T15:57:22","guid":{"rendered":"http:\/\/www.vpsolar.com\/en\/?p=35631"},"modified":"2021-12-20T15:22:01","modified_gmt":"2021-12-20T14:22:01","slug":"sma-solar-increases-operating-earnings-and-net-cash-flow-in-first-nine-months-of-2016","status":"publish","type":"post","link":"https:\/\/www.vpsolar.com\/en\/sma-solar-increases-operating-earnings-and-net-cash-flow-in-first-nine-months-of-2016\/","title":{"rendered":"SMA Solar increases operating earnings and net cash flow in first nine months of 2016"},"content":{"rendered":"<p><strong>SMA Solar Technology AG<\/strong> (SMA\/FWB: S92) <strong>increased<\/strong> its sales and earnings from January to September 2016 <strong>despite high price pressure<\/strong> in all market segments and regions.<\/p>\n<p>SMA Group sales <strong>rose by 3.2% year<\/strong> <strong>on year<\/strong> to EUR708.8 million (Q1-Q3 2015: EUR686.9 million).<\/p>\n<p>Operating earnings (<strong>EBIT<\/strong>) <strong>increased<\/strong> considerably to EUR59.4 million (Q1-Q3 2015: EUR9.9 million).<\/p>\n<p>The main earnings driver was the segment for <strong>large-scale PV power plants<\/strong> (Utility). In addition, the segment for commercial PV systems (Commercial) continued its positive business performance.<\/p>\n<p>From January to September 2016, SMA Solar sold PV inverters with a cumulative power of <strong>5.7 GW<\/strong> (Q1-Q3 2015: 5.0 GW). SMA&#8217;s high <strong>international share of sales<\/strong> of <strong>90.0%<\/strong> (Q1-Q3 2015: 86.9%) underscores its strong international positioning.<\/p>\n<p>As a result of increased sales volumes and the fixed cost reduction, <strong>EBITDA<\/strong> improved considerably from January to September 2016 to <strong>EUR107.9 million<\/strong> (EBITDA margin: 15.2%; Q1-Q3 2015: EUR64.6 million, 9.4%).<\/p>\n<p>The result includes one-time items from the <strong>consolidation of worldwide production sites<\/strong>. Consolidated earnings amounted to EUR36.9 million (Q1-Q3 2015: EUR-13.7 million). Earnings per share thus amounted to EUR1.06 (Q1-Q3 2015: EUR-0.39).<\/p>\n<p> The considerable increase in SMA&#8217;s <strong>flexibility<\/strong> and the <strong>attractiveness of the business model<\/strong> can be seen in its net cash flow in particular.<\/p>\n<p>The net <strong>cash flow increased considerably<\/strong> in the first nine months of 2016 to EUR123.6 million (Q1-Q3 2015: EUR70.4 million).<\/p>\n<p>Net cash <strong>increased to EUR352.8 million<\/strong> (December 31, 2015: EUR285.6 million).<\/p>\n<p>With an equity ratio of 49.7% (December 31, 2015: 49.1%), SMA Solar has a <strong>comfortable equity capital base<\/strong> and continues to boast a very solid balance sheet structure.<\/p>\n<p> The <strong>SMA Managing Board<\/strong> confirms its sales and earnings forecast for fiscal year 2016 adjusted on October 24, 2016.<\/p>\n<p>This forecast anticipates sales of EUR900 million to EUR950 million and a significant increase in operating earnings (EBIT) year on year to between EUR60 million and EUR70 million.<\/p>\n<p>The earnings forecast takes into account one-off items from the consolidation of global production sites of a low double-digit amount.<\/p>\n<p><strong>Read also:<\/strong><\/p>\n<p><a href=\"\/?p=35496\" target=\"_blank\" rel=\"noopener\">AEROVOLTAIC systems by SYSTOVI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SMA Solar Technology AG (SMA\/FWB: S92) increased its sales and earnings from January to September 2016 despite high price pressure in all market segments and regions. SMA Group sales rose<\/p>\n","protected":false},"author":1,"featured_media":37996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[1916],"class_list":["post-38014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-pv-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SMA Solar increases operating earnings and net cash<\/title>\n<meta name=\"description\" content=\"SMA Solar Technology AG increased its sales and earnings from January to September 2016 despite high price pressure in all market segments and regions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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