A continued demand for demand and competitive pressure by Asian manufacturers still make it difficult for the inverter Group SMA Solar.
The company slipped more clearly into the red figures than expected in the second quarter in day -to -day business.
In the second quarter, a loss of interest, taxes and depreciation (EBITDA) of 15.5 million euros was incurred on the basis of preliminary figures, the company surprisingly said in the late Monday evening. Analysts had expected an average of four million euros.
The company justified the higher shortfall with depreciation on supplies in the area of home & business solutions. In this business area, SMA Solar focuses on the development and provision of energy solutions for homes and companies. Without one -time effects, there is an operational profit of 31.3 million euros, which is slightly above the previous year’s level.
In the first half of the year, the result shrank from interest, taxes and depreciation to a good nine million euros. In the previous year, the Niestaler had achieved almost 81 million euros. Sales fell by almost ten percent to 684.9 million euros.
The company plans to present the full balance sheet for the first half of the year on August 7th. The focus is then on the annual view. SMA has currently not commented on the goals, emphasizes Analyst Constantin Hesse from the Investmenthaus Jefferies. The order stock is based, but with a view to the order entrance, he remains careful, the expert emphasized.
SMA had already become more careful in May because of the poor conditions and the volatile US customs policy when looking at the year. Since then, the company has only expected sales of 1.5 to 1.65 billion euros or 70 to 110 million euros when reaching the lower end of the target clamping.
Investors of SMA Solar are weak numbers quickly
Disappointing quarterly figures only briefly scared SMA Solar investors on Tuesday. The inverter manufacturer’s papers recovered quickly and made up for their initial losses of more than six percent in the early afternoon.
Ultimately, with SMA Solar’s proportions, an increase of 0.4 percent was 20.28 euros via Xetra. They were one of the best papers in the small -scale sdax, which fell by 1.1 percent.
SMA Solar had missed the expectations of experts in the second quarter. The operational loss was significantly higher than feared. The background of the deviation is depreciation on supplies in the area of home & business solutions. Without this effect, the operational result margin would have been at the previous year’s level, emphasized expert Constantin Hesse from the investment house Jefferies.
In general, the order stock supported SMA Solar’s business development, the specialist continued. With a view to the order input, however, it remains careful.
SMA Solar’s shares had only reached the highest level since August 2024 at almost 25 euros. Since then, the course has tended to go down. The daily low at just under 19 euros is at the level of the end of June. From a chart technology point of view, however, it is positive that the price slide ended just above the 100-day average line at the beginning of the trade. This describes the long -term trend.
The balance sheet has also been impressive since the beginning of the year. SMA Solar currently has a plus of a good 49 percent. The SDAX has increased by almost 30 percent during this period. In the view of two years, however, SMA Solar’s shares lost around 80 percent of their value.
Niestetal / Frankfurt (dpa-AfX / dpa-Afx broker)
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