It has additionally raised its earnings before interest and taxes (EBIT) margin to between 26.5 percent and 28.5 percent, from its previous estimations of between 24 percent and 27 percent. It added that investments this year will increase from the estimated 160 million to approximately 210 million.
According to SMA, Germany remains the largest PV-market worldwide, with around eight GW of total installed PV capacity. It went on to say that south European markets and the U.S. have fuelled growth abroad. The managing board estimates SMA's worldwide market share in 2010 to be above 40 percent, it said in a statement.
Market predictions??
Predicting the development of the global demand for PV-systems next year is very difficult, said the company, due to the expected changes in certain national subsidy programs. However, it said it was well positioned for the various market scenarios.
??Given the strong growth rates this year, the managing board has said it expects changing ?growth dynamics next year. The statement continued: For 2011, the managing board assumes a growth of globally newly installed PV-power of up to 20 percent. At the same time, the managing board cannot rule out a slight market decrease of up to 10 percent.
Furthermore, said SMA, foreign markets – in particular the U.S. and Italy – will gain in importance considerably next year.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
Becky Beetz
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.