SMA Solar Technology AG Reports Strong Performance in Fiscal 2023

In a conclusive announcement on March 27, 2024, SMA Solar Technology AG, a leader in photovoltaic and storage system technology, highlighted an exceptionally strong performance for the fiscal year 2023. The group's sales saw a remarkable upsurge of 79% reaching €1,904.1 million, alongside a substantial increase in EBITDA to €311.0 million, indicating a significantly enhanced EBITDA margin of 16%.

The remarkable growth spanned across all segments with extraordinary operating performance noted, supporting the previously published guidance for the fiscal year 2024. This envisages sales ranging from €1,950 million to €2,200 million and EBITDA between €220 million and €290 million. Net income for the year more than quadrupled to €225.7 million, with inverter output sold totaling 20.5 GW.

The report further delves into segmental performance, observing a notable 73.2% increase in Home Solutions sales and a 65.0% increase in the Commercial & Industrial Solutions segment. The Large Scale & Project Solutions segment outperformed with a sales growth of 91.8% to €845.0 million. Encouragingly, the order backlog remains robust across segments, ensuring SMA's continued momentum into the new fiscal year.