SMA sees strong Q1 2012 demand


On the back of its positive first quarter (Q1) 2012 financial results, SMA has reiterated its full year guidance, which anticipates sales of between €1.2 billion and €1.5 billion, and an EBIT margin of five to 10 percent.

In Q1, the photovoltaic inverter manufacturer sold 1.9 gigawatts (GW) of inverters, compared to one GW in Q1 2011. As such, its sales increased from €255.9 million to €405 million, thus exceeding its previous guidance of €350 million to €390 million. Its most important markets were said to be the U.S., Belgium, the U.K. and France. Its net profit in Q1 2012, meanwhile, was €29.6 million, compared to €10.3 million in Q1 2011.

On a roll, the company’s EBIT was positive, having grown from €13.7 million in Q1 2011, to an impressive €42.8 million. Its EBIT margin additionally grew to 10.6 percent, up from 5.4 percent in Q1 2011.

"The first quarter of 2012 was significantly marked by catch-up and pull-forward effects in important European photovoltaic markets," said SMA in a statement released. Pierre-Pascal Urbon, speaker of the managing coard and CFO added, "The strong demand for Sunny Boy inverters for PV rooftop systems in Europe during the first quarter reflects catch-up effects resulting from commercial commissioning in the fourth quarter of 2011 as well as pull-forward effects resulting from the discussion of additional feed-in-tariff reductions."

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Your email address will not be published.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.