SMA Solar raises 2010 profit outlook


Earnings before interest and taxes account for as much as 27 percent of sales this year, said the company, compared with previous expectations of as much as 23 percent.

According to news agency Reuters, it said it now sees revenues climbing to as much as €1.8 billion (USD$2.4 billion), compared with a May outlook of as much as €1.3 billion.

Shares rose 21 percent to €102 by 0745 GMT, while the German TecDAX index was up 2.8 percent. Pricing pressure will be moderate, SMA said, adding the company will maintain or even slightly increase its market share this year.

Read the rest of the report here.

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:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

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.