November 5, 2008

Niestetal, Germany: SMA Reports Third Quarter Results

In the third quarter of 2008, Inverter manufacturer, SMA Solar Technology AG (SMA) sales rose by 120% to EUR 226.7 million in the third quarter (previous year quarter: EUR 102.8 million). Consequently, SMA generated a 140% surge in sales to EUR 519.3 million in the first nine months of fiscal 2008 (previous year nine months: EUR 216.5 million).

The international markets continued to make a key contribution to total sales. The international share of total sales in the first nine months was 42% (previous year nine months: 28%). In the third quarter of 2008, earnings before interest and taxes (EBIT) amounted to EUR 63.1 million.

Accordingly, SMA improved its EBIT in the reporting period January to September 2008 to EUR 131.8 million (previous year nine months: EUR 38.2 million). The EBIT margin rose to 25.4% (previous year nine months: 17.6%). The SMA Group's net profit for the period rose to EUR 93.9 million in the first nine months which equals an approx. quadrupling compared to the same period of the previous year (EUR 23.4 million). With 34.7 million shares outstanding as at the closing date September 30, 2008, SMA generated earnings per share in the reporting period of EUR 2.71.

On the basis of the positive business performance in the third quarter SMA management has increased its sales forecast for fiscal 2008 to EUR 650.0 to 690.0 million. Management anticipates a doubling in total sales compared to the previous year. The EBIT margin is estimated to be 23% - 25%. On November 14, SMA Solar Technology AG will publish its Quarterly Financial Report for the period January to September 2008.

Further details about: SMA Solar Technology AG