SMA warns of shortage of electronic components – pv magazine International
From pv magazine Germany
Germany-based inverter manufacturer SMA Solar Technology AG was able to deliver 6.8 GW of photovoltaic inverters in the first half of the year. This is slightly lower than the previous year’s level of 7.1 GW and quarterly sales were therefore lower at 488 million euros. At the same time, SMA improved its EBIDTA from 24 million euros to 38.1 million euros and EBIT from 2.7 million euros to 13.3 million euros year on year. ‘other.
SMA board spokesperson Jürgen Reinert said the positive performance is due to “continuous improvement in the product mix and cost structure”. In addition, orders for the commercial photovoltaic segment saw some recovery in the second quarter. “We therefore expect a positive development in sales and profits for the second half of the year,” he said.
SMA’s management board also confirmed its sales and profit forecasts published in February. Thus, this year, sales growth of up to 1,175 million euros and EBITDA of up to 95 million euros are expected. However, the manufacturer has warned of possible delivery bottlenecks. “The still tense situation in the supply of electronic components could limit SMA’s ability to deliver its products in the second half of the year,” he said. “The board is responding to the situation with tighter and more intensive vendor management and a storage strategy. “
SMA attributed the decline in revenue and sales in the first half of the year to lingering uncertainties over the corona pandemic among small and medium-sized businesses, which are currently reluctant to invest in photovoltaic solutions. On the other hand, the sales development in the Home Solutions and Large Scale & Project Solutions segments is different, for which the company recorded an increase in sales, despite the shortage of electronic components.
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