“SMA Solar Technology AG generates sales record in 2016”
SMA Solar Technology AG
SMA Solar, a German global player in solar converter manufacturing, generated record sales in 2016 with more than 8 gigawatt (GW) of inverter output sold (2015: 7.3 GW), according to provisional figures announced by the company in a press release. Sales in continuing operations were at about 940 million euros, compared to 981.8 million euros in 2015. Operating earnings before interest and taxes (EBIT) were at approximately 65 million euros “despite an unexpectedly sharp decline in average selling prices of nearly 20 percent,” says SMA solar.
Find the press release in English here.
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