{"id":30265,"date":"2019-05-13T08:12:36","date_gmt":"2019-05-12T21:42:36","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=30265"},"modified":"2019-05-13T08:12:36","modified_gmt":"2019-05-12T21:42:36","slug":"sma-q1-results-mb1051","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/","title":{"rendered":"Trying Times Continue For SMA"},"content":{"rendered":"

\"SMA<\/p>\n

Germany’s SMA continues to struggle in the fiercely competitive and crowded solar inverter market, but remains confident it’s on the right track.<\/p>\n

In its quarterly statement covering January to March 2019 published last week, the company says its solar inverter sales reached 1,803 MW collective capacity compared to 1,843 MW in the first quarter of last year.<\/p>\n

On the dollars (or euros in this case) side of things, sales decreased by 8.1% to \u20ac167.8 million (Q1 2018: \u20ac182. 5 million).\u00a0 SMA says the drop was primarily attributable to weaker project business in Australia and weak demand in the USA. Sales in the Large Scale & Project Solutions segment achieved \u20ac57.5 million in the first quarter of 2019, compared to Q1 2018’s \u20ac72.0 million<\/p>\n

The company says that as of the end of March this year, SMA had an overall order backlog of \u20ac619. 8 million compared to \u20ac647.3 million at March 31, 2018.<\/p>\n

Home Energy Solutions A Bright Spot – Sort Of<\/h2>\n

External sales in the Home Solutions segment rose by 15.2% to \u20ac45.4 million in the first quarter of this year and comprised 27.1% of SMA Group\u2019s total sales. The Home Solutions portfolio includes smart module technology, single- and three-phase string solar inverters<\/a> (< 12 kW), integrated services, energy management solutions, storage systems, communication products and accessories.<\/p>\n

However, earnings before interest and taxes (EBIT) in this segment took a beating due to ongoing price pressure.<\/p>\n

“Despite the year-on-year increase in sales, the EBIT margin in relation to external sales fell to \u201311.5% (Q1 2018: 1.5%),” states SMA.<\/p><\/blockquote>\n

This isn’t the first time SMA has faced stiff headwinds and cloudy days, but SMA CEO J\u00fcrgen Reinert is upbeat.<\/p>\n

“In the first quarter of 2019, SMA’s sales and earnings remained down year on year, as the Management Board had predicted,” he said<\/a>. “At the same time, order intake has developed particularly well in all segments in recent months.”<\/p><\/blockquote>\n

Mr. Reinert said measures to reduce SMA’s costs by approximately EUR40 million per year are progressing\u00a0 and the company is continuing to position itself as provider with “perfectly matched” and extendable solar PV, energy storage and digital related solutions for residential, commercial and industrial applications.<\/p>\n

SMA’s Managing Board confirmed sales guidance for the 2019 fiscal year of between EUR800 million and EUR880 million. Earnings before interest, tax, depreciation and amortization (EBITDA) are forecast to be between EUR20 million and EUR50 million, with depreciation and amortization expected to be approximately EUR50 million. SMA Solar Technology AG’s full Quarterly Statement January to March 2019 can be viewed here<\/a>.<\/p>\n

SMA inverters<\/a> have been a popular choice in Australia for residential solar power<\/a> installations for many years, and the brand is included on SQ’s trusted solar inverter brands chart<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Germany’s SMA continues to struggle in the fiercely competitive and crowded solar inverter market, but remains confident it’s on the right track.<\/p>\n","protected":false},"author":17,"featured_media":30266,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-30265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nTrying Times Continue For SMA - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Germany's SMA continues to struggle in the fiercely competitive and crowded solar inverter market, but remains confident it's on the right track.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trying Times Continue For SMA\" \/>\n<meta property=\"og:description\" content=\"Germany's SMA continues to struggle in the fiercely competitive and crowded solar inverter market, but remains confident it's on the right track.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-12T21:42:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/sma-solar-inverter.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Trying Times Continue For SMA\",\"datePublished\":\"2019-05-12T21:42:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/\"},\"wordCount\":441,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/05\/sma-solar-inverter.png\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/sma-q1-results-mb1051\/\",\"name\":\"Trying Times Continue For SMA - 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Sales for 2024 came to \u20ac1,530.0 million compared to 2023's \u20ac1,904.1 million - that's a drop of 19.7%. But it was still much better\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SMA Solar Technology AG 2024 results","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/sma-2024-results.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/sma-2024-results.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/sma-2024-results.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/sma-2024-results.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2025\/03\/sma-2024-results.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":45389,"url":"https:\/\/www.solarquotes.com.au\/blog\/sma-sustainable-business-mb1787\/","url_meta":{"origin":30265,"position":3},"title":"SMA Kicking Sustainability And Solar Business Goals","author":"Michael Bloch","date":"December 4, 2020","format":false,"excerpt":"While it's been a tough year for German solar inverter manufacturer SMA - as it has been for many other companies - it's also been a rewarding one. In addition to growth in shipments and sales, the company was recently recognised as being one of the most sustainable companies in\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Germany's SMA","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sma-sustainable-business.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sma-sustainable-business.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sma-sustainable-business.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sma-sustainable-business.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sma-sustainable-business.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":38600,"url":"https:\/\/www.solarquotes.com.au\/blog\/sma-company-performance-mb1465\/","url_meta":{"origin":30265,"position":4},"title":"Sunnier Days At SMA","author":"Michael Bloch","date":"March 31, 2020","format":false,"excerpt":"German inverter manufacturer SMA has delivered an upbeat report regarding its performance last year and is sticking by its 2020 guidance indicating further improvement. SMA says it sold 11.4GW of inverter capacity during fiscal year 2019, well above 2018's 8.5GW (~34% up), and SMA Group's revenue jumped 20% to \u20ac915.1\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SMA solar inverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/sma-inverter-report.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/sma-inverter-report.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/sma-inverter-report.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/sma-inverter-report.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/sma-inverter-report.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":26122,"url":"https:\/\/www.solarquotes.com.au\/blog\/sma-solar-australia-mb0839\/","url_meta":{"origin":30265,"position":5},"title":"Utility Scale Solar A Bright Spot For SMA In Australia","author":"Michael Bloch","date":"November 27, 2018","format":false,"excerpt":"SMA Solar Technology AG says the company will have commissioned 1.8GW of solar inverter capacity\u00a0associated with utility scale projects in Australia this year.\u00a0 It's been a huge year at this end of the solar sector for the company in Australia, as 2018 will bring SMA\u2019s total utility-scale PV power plant\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SMA inverters - solar power in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/11\/sma-australia-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/11\/sma-australia-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/11\/sma-australia-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/11\/sma-australia-solar.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=30265"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30265\/revisions"}],"predecessor-version":[{"id":30268,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/30265\/revisions\/30268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/30266"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=30265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=30265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=30265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}