Trade SMA Solar Technology AG - S92 CFD

SMA SOLAR TECHNOL.AG Company profile

About SMA Solar Technology AG

SMA Solar Technology AG is a Germany-based developer of photovoltaic (PV) system technology. The Company operates through five segments: Residential, Commercial, Utility, Off-Grid and Storage and Service. The Residential segment focuses on small PV systems for private applications with micro and string inverters, energy management solutions, storage systems and communication products and accessories. The Commercial segment provides three-phase string inverters, energy management solutions, medium-voltage technology and other accessories. The Utility segment specializes in large-scale PV power plants with central inverters, and also provides grid services. The Off-Grid and Storage segment offers system technology for the integration of different battery technologies and power classes and collaborates with battery manufacturers and companies in the automotive industry. The Service segment comprises service and maintenance, operational management and the spare parts business.

Financial summary

BRIEF: For the nine months ended 30 September 2021, SMA Solar Technology AG revenues decreased 4% to EUR744.9M. Net income increased 66% to EUR15.3M. Revenues reflect Business Solutions segment decrease of 22% to EUR176.3M, Asia Pacific segment decrease of 20% to EUR122.9M, European Union segment decrease of 13% to EUR186.2M. Net income reflects Other operating expenses decrease of 22% to EUR19.8M (expense).