- SMA Group has concluded the 2023 fiscal year extremely successfully with strongย fourth quarter in the Large Scale & Project Solutions segment. ย
- Sales increase by 78.6% to โฌ1,904.1 million (2022: โฌ1,065.9 million).ย
- EBITDA improves from โฌ70.0 million to โฌ311.0 million.
Theย persistently high demand for SMA products and the delivery situation whichย has been normalized since the beginning of the year were both contributingย factors to this positive performance. Earnings before interest and taxesย (EBIT) rose from โฌ31.9 million in the 2022 fiscal year to โฌ269.5 millionย (EBIT margin in 2023: 14.2%; 2022: 3.0%). Inverter output sold in 2023 as aย whole was 20.5 GW (2022: 12.2 GW).
Related news:ย SMA ranked 10th in Global 100 Index of the worlds most sustainable companies
All three segments could significantly improve their sales and earnings inย 2023 and contributed to the positive result. The Home Solutions segmentย increased its sales to โฌ580.2 million (2022: โฌ335.0 million) with an EBIT of โฌ148.0 million (2022: โฌ53.8 million); in the Commercial & Industrialย Solutions segment, sales rose to โฌ478.9 million (2022: โฌ290.3 million) withย an EBIT amounting to โฌ22.7 million (2022: โโฌ26.0 million); the Large Scale & Project Solutions segment increased its sales to โฌ845.0 million (2022:ย โฌ440.6 million) and achieved an EBIT of โฌ103.8 million (2022: โโฌ13.5ย million).
Related news:ย SMA’s super versatile Sunny Island battery inverters beats the loadshedding challenges in South Africa
โIn the fourth quarter of 2023, we once again significantly increased salesย in the Large Scale & Project Solutions segment and even exceeded the upperย end of our sales forecast,โ said SMA CEO Jรผrgen Reinert. โOverall, we can look back on a successful 2023 and are extremely satisfied with ourย operating performance. The high demand for our products and solutions, goodย production capacity utilization and our ability to deliver have resulted inย an exceptional performance in all three segments. Our segment-specificย platform strategy, which we have been consistently driving forward sinceย 2018, will enable us to respond even more quickly and efficiently toย changing customer requirements and market changes in the future.โ
โWe are also optimistic for the 2024 fiscal year,โ said SMA CFO Barbaraย Gregor. โDespite the changed market conditions and the associated higherย volatility compared with the previous year, we intend to continue our profitable growth overall. In the Large Scale & Project Solutions segment inย particular, we expect further sales and earnings growth as a result of theย high order backlog and the level of incoming orders. In the Home Solutions and Commercial & Industrial Solutions segments, we do not anticipate anย increase in the order intake before the second quarter. Due to this seasonalย development and our increased future investments in new products and solutions, we therefore expect a decline in sales and earnings in the Homeย Solutions segment compared with 2023. However, in the Commercial &ย Industrial Solutions segment, we are planning further slight sales growth with earnings development at around the same level as in the previous year.โ
Against this backdrop, the Managing Board expects the SMA Group to generateย sales of between โฌ1,950 million and โฌ2,220 million and EBITDA1) of betweenย โฌ220 million and โฌ290 million in the current fiscal year 2024.
Construction of SMA’s new gigawatt factory in Germany in progressing well.ย Read more
Author: Bryan Groenendaal