SMA Solar turns to Q1 profit all core segments in the black
May 12 – German solar inverter maker SMA Solar Technology AG (ETR:S92) reported a EUR-18.8-million (USD 21.5m) net profit for the first quarter (Q1) of 2016 and said all core segments were profitable.
The result compares to a loss of EUR 7.9 million in Q1 2015. The table contains more of SMA’s financial results released today.
The segment for commercial PV systems (Commercial) achieved an over 50% increase in sales and returned to profitability. It was the main growth driver for SMA in the period. The Residential Utility segments and Service business developed stably and were also profitable.
SMA Solar said its international share has increased further to 92.4% from 88.0% a year earlier.
At the end of March, SMA had an order backlog of EUR 691.6 million. It affirmed its forecast for 2016 sales of EUR 950 million to EUR 1.05 billion and an EBIT to between EUR 80 million and EUR 120 million.
Recommends:
Anker 21W 2-Port USB Solar Charger PowerPort Solar for iPhone 6/6 Plus, iPad Air 2/mini 3, Galaxy S6/S6 Edge and MoreAnker PowerPort Solar Charge with the power of the sun. From ANKER, America’s Leading USB Charging Brand – Faster and safer char…
Solar Charger Eco-daily with 10000mah Dual USB Solar Charger Waterproof Solar Power Bank / Backup Battery Charger for Android Cell Phone, Solar Power Bank for Iphone 6 Ipad GreenEco-daily Solar charger, Economical & ecologically lifestyle, green power your life. With Eco-daily solar power battery, where t…
Aedon 20000mah Solar Charger Portable Solar Power Bank External Battery Pack charger Backup for iPhone Samsung Smartphones Tablets(White)High Capacity 20000mAh solar power bank equipped with a compact solar panel, which could recharge the battery itself under sunlig…
Solar Power Bank
