L R AS Published on Saturday 2 March 2024 - n° 478 - Categories:company results
ADM in 2023: A remarkable exercise
SMA announces a 79% increase in 2023 sales to 1,904 GW. 20.5 GW of inverters were sold (+ 68%). The "solutions for the home" division increased its sales to €580 million (+73% on 2022). The "commercial and industrial solutions" division reached €479 million (+65%). Sales of large-scale solutions reached €845m (+92%)
Ebitda will reach €311 million (compared with €70 million in 2022).
At the end of 2023, the order book had fallen to €1,705m, compared with €2,077m at the end of 2022. Order intake fell in the second half of 2023.
In 2024, sales will be between €1,950m and €2,220m (+2% to +16%). Ebitda will be between €220 and €290 million.
SMA intends to build an inverter production site in the United States, with an annual capacity of 3.5 GW. It will be operational in 2025.
https://www.pv-tech.org/sma-solar-financial-results-2023/
PV Tech of1 March 2024
Editor's note It is pleasing that a European company is doing so well in the global market, and achieving such a high growth rate with an ebitda margin of 16.3%.
