SMA Solar Technology AG, also known as SMA Group, has reported €65.9 million in EBITDA, before one-time effects, in the first half of its financial year, up from €50.3 million the previous year.
The Niestetal, Germany, based solar energy firm reported sales of €686.6 million for the period, broadly unchanged from €684.9 million in the same period last year. Excluding €22.3 million in US customs duty reimbursements, sales reached €708.9 million.
The company said that its Large Scale & Project Solutions division reported a decline of 4.7% in sales, to €542.1 million, as a result of the aforementioned US customs duty reimbursements, while sales in the Home & Business Solutions division rose by 24.5% to €144.5 million due to higher demand.
Market environment
“The market environment in the first half of the year continued to be characterised by intense competition and geopolitical uncertainties,” commented Jürgen Reinert, CEO of SMA Group.
SMA’s order backlog stood at €1.75 billion as of the end of June, compared with €1.16 billion a year earlier. Its Large Scale & Project Solutions division achieved record order intake in the second quarter, with around three quarters of the backlog, or €1.43 billion, attributable to this part of the business.
“With the rising share of renewable energies, flexibility and grid stability are moving into the spotlight,” Reinert added. “The combination of photovoltaics and battery storage systems does exactly that, and it is becoming the norm. Driven not least by data centers and AI applications, electricity consumption is rising, thus increasing the global demand for reliable, sustainable energy. As a system and solution provider, we are addressing precisely these requirements and will continue to benefit from these developments.”
‘Positive impact’
Kaveh Rouhi, chief financial officer, noted the “positive impact” of cost-cutting measures implemented by the business in the first half, while also noting that a number of market risks have “decreased substantially” since the beginning of the year.
SMA Group anticipates a stronger second half for its Large Scale & Project Solutions division, while its Home & Business Solutions division is also likely to maintain its positive momentum
Sales are expected to reach €1.625-1.725 billion, compared with €1.516 billion in 2025, while EBITDA is forecast at €180-230 million, compared with negative €65.4 million in 2025.
“The Group result will be positively impacted by an improved operating performance and cost base, as well as further planned reversals of inventory write-downs resulting from targeted sales measures in the second half of the year,” Rouhi added. Read more here.
