SMA raises financial guidance for this year; announces 2011 outlook

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.