SMA Solar Technology AG reported earnings results for the full year of 2016. Provisional sales and earnings figures of SMA Solar Technology AG for the 2016 fiscal year are sales of around EUR 940 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of over EUR 140 million with depreciation and amortization of around EUR 75 million.

For the 2017 fiscal year, the Managing Board expects sales of EUR 830 million to EUR 900 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 70 million to EUR 90 million, due in particular to the persistently high price pressure. Depreciation and amortization are expected to amount to EUR 60 million to EUR 70 million. The Managing Board anticipates positive free cash flow and, as a result, an increase in net cash to over EUR 400 million. The Managing Board estimates that product developments and an additional range of services will increase the gross margin from 2018 onward.