SMA Solar Technology has raised its full-year revenue guidance range on a 25% increase in its order backlog on strong market demand in all region served and notably in the Asia-Pacific region (APAC). Image: SMA Solar
Major PV inverter manufacturer SMA Solar Technology has raised its full-year revenue guidance range on a 25% increase in its order backlog on strong market demand in all regions served and notably in the Asia-Pacific region (APAC).
SMA Solar said that it expected full-year sales to be in the range of €900 million to €950 million, up from €830 million to €900 million previously stated. As a result, EBITDA is expected to improve to a range of €85 million to €100 million, compared to previous guidance of €70 million to €90 million.
“In the first half of 2017, incoming orders developed positively at SMA and the book-to-bill ratio was 1.4. The order backlog increased by 25% in the first six months of the year and amounted to roughly €673 million as of June 30, 2017. Incoming orders also remained high in July,” commented Pierre-Pascal Urbon, CEO of SMA Solar.
The company expects to release first half 2017 financial results on August 10, 2017.
Mar 10 - Mar 12, 2021
Penang, Malaysia (also available virtually)
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run as a live event in Penang for delegates able to attend and will also welcome virtual delegates via streamed content and online networking.