SMA Solar sees serious EBITDA growth despite supply issues in 2022 financial results

Facebook
Twitter
LinkedIn
Reddit
Email
A shortage of electrical components had a minor impact on the company’s performance in 2021 and H1 2022. Image: SMA Solar Technology.

Inverter supplier SMA Solar Technology has published provisional financial results for 2022, which show significant improvements in EBITDA and net income compared with 2021.

Despite supply shortages that have affected the whole solar value chain in 2022, SMA’s provisional results show an EBITDA margin of 6.6% – posting earnings of €70 million (US$74 million) compared with €8.5 million (US$9 million) the previous year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The figures show that net income rose significantly as well, from -€23.2 million (-US$24.5 million) in 2021 to €55.8 million (US$59 million). Sales rose 8.4% year-on-year to €1,065.9 million, driven by a consistent high demand as the solar industry has expanded over the year and the general easing of supply chain constraints in the second half of 2022.

“2022 was a turbulent year, but a successful one for SMA,” said CEO Jürgen Reinert. “The gradually higher availability of electronic components helped us make considerable progress in improving our ability to deliver in the second half of the year.

“We are therefore looking to 2023 with optimism. However, we have not yet fully overcome the challenges on the procurement side caused by ongoing supply problems with individual components.”

The company’s performance in Q1 2022 was hampered by a shortage of chip and electrical component supply. A PV Tech Premium interview with Jürgen Reinert following the Q1 results discussed the gap between the mass of orders SMA was receiving as consumers clamoured for rooftop solar and the backlog in delivery due to supply shortages. Indeed, the company closed out 2022 with an order backlog in excess of €2 billion (US$2.1 billion), up from €886 million 2021.

Looking to 2023, the company expects growth to continue, with initial forecasts of EBITDA between €100 million and €140 million (US$148 million) and sales in excess of €1.3 billion (US$1.3 billion).

Audited and consolidated financial statements for the year will be issued at the end of March alongside a press conference.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

August 8, 2025
This week several solar developers have raised funds for projects around the world, including BRUC in Europe, Greenalia in the US, Qair in Mauritius and CREC in Philippines.
August 8, 2025
German solar inverter manufacturer SMA Solar posted losses in the first half of 2025, as demand in the residential and corporate & industrial (C&I) solar sectors 'remains weak'.
August 8, 2025
US solar tracker manufacturer Array Technologies has posted revenue of US$362.2 million in the second quarter of this year.
August 8, 2025
SolarEdge posted inverter shipments of 1.19GW in the second quarter of this year, alongside BESS sales of 247MWh.
August 8, 2025
German renewable energy developer ib vogt has officially broken ground on a 99MWp solar PV power plant in South Cotabato, the Philippines.
August 7, 2025
US-based floating solar (FPV) developer D3Energy is constructing a 6MW floating solar system in Monroeville – a village in Huron County, Ohio. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines