sur SMA Solar Technology AG (isin : DE000A0DJ6J9)
SMA Group Reports Solid First Half of 2024 Amid Challenging Market
SMA Solar Technology AG reported lower sales and earnings for the first half of 2024 compared to the previous year. Group sales reached €759.3 million, down from €778.9 million in H1 2023. EBITDA also dropped to €80.6 million from €125.3 million the previous year.
The Home Solutions and Commercial & Industrial Solutions segments were significantly impacted by high inventory levels and market challenges. However, the Large Scale & Project Solutions segment saw substantial growth, achieving €535.8 million in sales, up from €257.4 million in H1 2023.
Net income stood at €44.1 million, a decrease from €103.5 million in H1 2023. Free cash flow also fell to -€202.6 million, with net cash decreasing to €65.7 million by June 30, 2024. Despite the hurdles, the company maintained an equity ratio of 42.6%, slightly up from 42.3% at the end of 2023.
The Managing Board reaffirmed its 2024 guidance, projecting sales between €1,550 million and €1,700 million, and EBITDA between €80 million and €130 million.
R. P.
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