Its sales and earnings forecast for the whole of 2009 rose from €760 million to €810 million and the EBIT margin from 21.5 % to 23.5 %, due to the ongoing high demand for SMA’s PV inverters and the successful further enhancement of production capacities in the short term.
In the third quarter, SMA recorded an increase in sales of around 38 % to €312.4 million (Q3 2008: €226.7 million). In this quarter, which is the most successful in the Company’s history, more than half of the sales revenues of 2009 was generated. Sales revenues in the first nine months increased by around 8 % to €559.5 million as compared to the same period of the previous year (Q1 – Q3 2008: €519.3 million).
The Company increased its inverter output sold from 0.2 GW in Q1 to 1.2 GW in Q3. By continuous investments in the development of new products, SMA reduced the specific inverter price to 0.25 €/W in Q3 (2008: 0.30 €/W).
The SMA Group estimates that it has increased its market share to between 45 % and 50 % during the year (2008: 38 %). According to the Managing Board, “the new market shares are due to the unique positioning, the complete product range based on state-of-the-art technology, the international presence and the extraordinary flexibility of SMA”.
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