Edition:
India

SMA Solar Posts 2018 Net Loss Of 175.5 Mln Euros


Thursday, 28 Mar 2019 

March 28 (Reuters) - SMA Solar Technology AG ::DGAP-NEWS: SMA SOLAR TECHNOLOGY AG RECORDS HIGH LOSS IN 2018 AS EXPECTED - BUSINESS PERFORMANCE AND COST REDUCTION PROGRAM DEVELOP AS PLANNED IN FIRST QUARTER OF 2019.FY SALES OF EUR760.9 MILLION INFLUENCED BY INCREASED PRICE PRESSURE DUE TO SLUMP ON CHINESE MARKET (2017: EUR891.0 MILLION).FY EBITDA OF EUR-69.1 MILLION SIGNIFICANTLY IMPACTED BY ONE-TIME ITEMS (2017: EUR97.3 MILLION).ANTICIPATES SALES OF EUR160 MILLION TO EUR170 MILLION AND EBITDA BETWEEN EUR-5 MILLION AND EUR0 MILLION IN Q1 OF 2019.CONFIRMS SALES AND EARNINGS GUIDANCE FOR YEAR AS A WHOLE.FY NET INCOME CAME TO EUR-175.5 MILLION (2017: EUR30.1 MILLION). 

Related Company News

Company Quote

24.68
 --
14 Jun 2019