SMA Solar Technology achieves most successful quarter in company history.
SMA Solar Technology published its third-quarter results, which showed an increase in profit, to make this past nine-month period, January to September 2009, the company’s most successful quarter to date. The company’s sales and earnings forecast for the whole of 2009 has risen from €850 to €900 million and the EBIT margin has changed from 23% to 25%. More than half of the sales revenues for 2009 were produced in this quarter alone. This third quarter showed an increase in sales from €226.7 million to €312.4 million. Sales revenues in the first nine months increased around 8% to €559.5 million from last year’s €519.3 million. The inverter outputs sold went from 0.2GW in Q1 to 1.2GW in Q3, and SMA was able to lower the inverter price to 0.25 Euros per watt in this quarter as well. SMA’s global sales summed up to €215.7 million, which the company lends to strong foreign markets in the Benelux countries, North America, France, Italy and Australia. Domestic demand did show the global num...