Sma Solar Technology Ag Meets Sales And Earnings Forecast In Q1 2014

Oversimplification of Q1 2014:* 1.0 gigawatts of inverter output sold (Q1 2013: 1.2 GW)* Sales in stance with support at EUR176.3 million (Q1 2013: EUR212.3 million)* Mixed share trace at a very tall regular of 68.0% (Q1 2013: 67.5%)* Revenue ahead of time ill will and excise (EBIT) of EUR-22.4 million (Q1 2013: EUR-8.4 million)* Certain free cash flow-net liquidity of EUR314.0 million (December 31, 2013: EUR308.1 million)* Control Panel confirms sales and earnings premonition for fiscal meeting 2014Niestetal, May 15, 2014-SMA Astrophysical Gear AG (SMA/FWB: S92) had a broke start to the fiscal meeting 2014. In the initial quarter, SMA sold PV inverters with a total output of almost 1 gigawatt (Q1 2013: 1.2 GW) in a water supply competitive environment. Sales of EUR176.3 million (Q1 2013: EUR212.3 million) were in stance with the premonition published in March of EUR170 million to EUR200 million. The disgrace sales in comparison with the same quarter of the departed meeting are very attributable to a nick in project business. The reasons for this included shakiness in Europe due to the Ukraine urgent situation, project delays in North America and monetary conflict in India. The stability of PV systems bigger certain the world. According to the American market research citizens NPD Solarbuzz, 9 GW of photovoltaic power were installed international in the initial quarter of 2014. Because the negative bias in Europe continued, America and Asia provided event back. SMA modest the worldwide share of its sales multinational at a very tall regular of 68.0% (Q1 2013: 67.5%). This underscores SMA's outstanding worldwide look over. Like nauseating sales of EUR57.2 million (Q1 2013: EUR71.3 million), Germany was anew the market with the strongest sales in the initial quarter of 2014, but nonetheless saw a souse nick due to the persisting explanation about the reform of the Renewable Living Sources Act. Important remarkable markets were North America, Full Britain and Australia.In the initial quarter of 2014, earnings ahead of time ill will and excise (EBIT) poleax to EUR-22.4 million (Q1 2013: EUR-8.4 million) due to low sales and the be at variance in the product mix. The consolidated earnings amounted to EUR-16.7 million (Q1 2013: EUR-5.8 million).Net cash river from on the go actions greater than before to EUR15.4 million in the initial quarter of 2014 (Q1 2013: EUR-3.3 million) due to a trickle in net committed town and was so and anew anyhow the strained sales allusion. Like net liquidity of EUR314.0 million (December 31, 2013: EUR308.1 million) and an equity ratio of 57.4%, SMA trace monetarily upright."Due to the present biased rumor in Germany and project delays abroad, SMA recorded a very tall casualty in the initial quarter of 2014. We are not satiated with the sales and earnings. We command bear to clarity our strategy on olive new precise approaches, inwardly new markets and precisely dropping official group. We command make known the initial products of the next-door generation at the principal exchange fairs in Germany and Chinaware in the prospect weeks," explained SMA Manager Directorial Manager Pierre-Pascal Urbon. The SMA Control Panel confirms the sales and earnings premonition for the entire fiscal meeting 2014, initial published in November 2013. The premonition anticipates sales of EUR1.0 billion to EUR1.3 billion and, in the best-case scenario, an on the go groove of up to EUR20 million. The premonition is based on the speculation of a multinational authoritarian environment, very in Europe. You can scarcity the quarterly profitable report for January to March 2014 at * www.SMA.de/IR/FinancialReports.