DGAP-Adhoc: SMA Solar Technology AG: Managing Board of SMA

SMA Solar Technology AG / Key word(s): Forecast 04.11.2013 13:43 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc notification from SMA Solar Technology AG Managing Board of SMA Solar Technology AG Lowers the Forecast for Fiscal Year 2013 and Gives Positive Outlook for 2014 Niestetal, November 4, 2013 - The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) has decided in an extraordinary meeting held today to lower the sales and earnings forecast for the fiscal year 2013. The amended forecast predicts sales of EUR0.9 billion to EUR1.0 billion for the SMA Group. In addition, the SMA Managing Board expects a loss of EUR80 million to EUR90 million. Previously, the SMA Managing Board expected sales of EUR0.9 billion to EUR1.3 billion and in the best case scenario to break even before one-time items in 2013. The reasons for amending the forecast are the decline in the European markets, which was stronger than expected, and the resulting negative sales and earnings of the Medium Power Solutions division as well as the ongoing restructuring of Zeversolar. In 2014, the SMA Managing Board expects the group's sales to increase to between EUR1.0 and EUR1.3 billion and to reach its profitability again. End of ad hoc notification Background information on the market and forecast for 2013 and 2014 is available at http://www.sma.de/en/investor-relations/publi...tions.html. In addition, the SMA Managing Board will inform the capital market within the scope of an analyst call on Thursday, Nov. 7, 2013. About SMA The SMA Group generated sales of EUR1.5 billion in 2012 and is the global market leader for solar inverters, a key component of all PV plants and, as an energy management group, offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented internationally in 21 countries. The Group employs more than 5,000 people worldwide. SMA's broad product portfolio includes a compatible inverter for every type of module on the market and for all plant sizes. The product range includes both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. SMA is therefore able to provide ideal technical inverter solutions for all system sizes and types. Since 2008, the Group's parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has received numerous awards for excellence as an employer and achieved first place in the nationwide 'Great Place to Work(R)' competition in 2011 and 2012 and fourth place in 2013. SMA Solar Technology AG Sonnenallee 1 34266 Niestetal Germany Head of Corporate Communications: Anja Jasper Tel.: +49 561 9522-2805 Presse@SMA.de Press contact: Susanne Henkel Manager Corporate Press Tel.: +49 561 9522-1124 Fax: +49 561 9522-421400 Presse@SMA.de Contact Investor Relations: Julia Damm Manager Investor Relations Tel.: +49 561 9522-2222 Fax +49 561 9522-2223 IR@SMA.de Disclaimer: This ad hoc notification serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the 'Company') or any present or future subsidiary of the Company (together with the Company, the 'SMA Group') nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. This ad hoc notification can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments. 04.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SMA Solar Technology AG Sonnenallee 1 34266 Niestetal Germany Phone: +49 (0)561 / 9522 - 0 Fax: +49 (0)561 / 9522 - 100 E-mail: info@sma.de Internet: http://www.sma.de ISIN: DE000A0DJ6J9 WKN: A0DJ6J Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------