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SMA Solar lifts lower end of annual outlook on rooftop solar demand

By Reuters News

Nov 12 (Reuters) - Solar power equipment supplier SMA Solar S92G.DE raised the lower end of its full-year core earnings and sales forecasts on Thursday as demand for rooftop solar systems continued to grow in the third quarter.

The German company sees 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) of €205 million to €230 million ($227 million-$255 million), up from its previous forecast of €180 million to €230 million.

  • "The growing importance of battery storage systems is creating further market opportunities for our existing product portfolio, not least with regard to the requirements for data centers," CFO Kaveh Rouhi said in a statement

  • The company raised the lower end of its full-year sales forecast to €1.675 billion from €1.625 billion, while maintaining the upper end at €1.725 billion, after nine-month sales in its household and business division grew 28% year-on-year

  • Its order backlog, a key indicator of future business, rose nearly 50% from a year earlier to €1.9 billion at the end of September

  • Shares, which have lost almost a quarter of their value since mid-October, were up 4.4% in pre-market trade on Thursday

($1 = 0.9027 euros)

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