SMA Solar’s inverter shipments rebound in Q3 after COVID-19 hit

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SMA Solar’s inverter shipments rebound in Q3 after COVID-19 hit

SMA Solar Technology saw a rebound in supplies and sales in the third quarter of 2020, driven by a recovery in demand after second quarter financials were impacted by project slowdowns in Europe and the United States due to COVID-19. Image: SMA Solar

Major PV inverter maker SMA Solar Technology reported a rebound in supplies and sales in Q3 2020, driven by a recovery in demand after second quarter financials of project slowdowns in Europe and the United States due to COVID-19 USA were affected.

Total deliveries of PV inverters fell to 2,738 MW in the second quarter of 2020, after record deliveries of 4,367 MW in the previous quarter. Deliveries in the third quarter were 3,456 MW, driven by major projects in the US and Europe, while the residential and C&I markets declined slightly from the previous quarter.

The total turnover of SMA Solar with inverters in the first nine months of 2020 was 10,651 MW, an increase of 42% compared to 7,494 MW in the same period of the previous year.

In the third quarter of 2020, the company achieved sales of € 260 million after € 268.1 million in the same quarter of the previous year.  Sales in the first nine months of 2020 amounted to € 774 million, an increase of 23% compared to € 631 million in the same period of the previous year.

In the third quarter of 2020, the company achieved sales of € 260 million after € 268.1 million in the same quarter of the previous year. Sales in the first nine months of 2020 amounted to € 774 million, an increase of 23% compared to € 631 million in the same period of the previous year.

In the third quarter of 2020, the company achieved sales of € 260 million after € 268.1 million in the corresponding period of the previous year. Sales in the first nine months of 2020 amounted to € 774 million, an increase of 23% compared to € 631 million in the previous year.

In the third quarter of 2020, the company achieved sales of € 260 million after € 268.1 million in the same quarter of the previous year.

In the third quarter of 2020, the company achieved sales of € 260 million after € 268.1 million in the same quarter of the previous year.

The total EBITDA in the first nine months of 2020 amounted to € 41 million after € 26 million in the same period of the previous year, which corresponds to an increase of 61%.

The order backlog for products amounted to € 331.5 million at the end of the third quarter, after € 321 million in the previous quarter. This was the first quarter that SMA Solar’s product order backlog had increased since the second quarter of 2019.

The order backlog for products amounted to € 331.5 million at the end of the third quarter, after € 321 million in the previous quarter.

The order backlog for products amounted to € 331.5 million at the end of the third quarter, after € 321 million in the previous quarter.

Jürgen Reinert, CEO of SMA Solar, said: “The effects of the global coronavirus crisis have also presented SMA with major challenges in the past nine months. I am therefore all the more pleased that we have achieved significant growth in sales and sales despite the declining market Result and thus market share gained. “

The company reiterated its previous full-year revenue guidance in the range of 1.0-1.1 billion euros, indicating that fourth quarter revenue could reach 326 million euros, which is a record quarter for the company in recent times could.

For the year as a whole, SMA Solar also anticipated an EBITDA of between 50 and 80 million euros.

Tags: SMA solar technology, PV central inverters, PV string inverters, PV power plants, Europe, USA, residential, commercial and industrial solar

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