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NIESTETAL, GERMANY – EQS Newswire – 27 October 2022 – The Managing Board of SMA Solar Technology AG (SMA\/FWB: S92) has raised its earnings forecast for the fiscal year 2022. The new forecast predicts operating earnings before interest, taxes, depreciation and amortization (EBITDA) of \u20ac60 million to \u20ac75 million (previously: \u20ac10 million to \u20ac60 million). As reasons for raising the forecast, the Managing Board cites the continued high level of incoming orders and a gradually improving supply of electronic components, which should lead to a business performance in the fourth quarter that exceeds previous expectations. In addition, a special effect in the lower double-digit million euro range from the sale of real estate had a positive impact on the earnings of SMA in the third quarter. For the operating earnings before interest and taxes (EBIT), the Managing Board expects a range of \u20ac22 million to \u20ac37 million (previously: \u20ac\u201330 million to \u20ac20 million). Net cash is expected to amount to around 190 million euros at the end of the year according to the new Managing Board forecast (previously: around \u20ac175 million). Sales expectations in the current fiscal year were narrowed by the SMA Managing Board to between \u20ac975 million and \u20ac1,050 million (previously: \u20ac900 million to \u20ac1,050 million).<\/p>\n
Hashtag: <\/b>#SMASolarTechnology<\/p>\n