SMA Solar Technology AG (LTS:0NIF)

Q1 2026 SMA Solar Technology AG Earnings Call Transcript

May 13, 2026 / 11:30 AM GMT

Release Date Price: €55.73 (-6.15%)

Transcript

Key Points

Positve

Group sales increased by 4% to EUR 341 million compared to the previous year.
The Home and Business Solutions division saw a significant sales increase of 27%.
Operating Group EBITDA before one-offs increased by 67% to EUR 25 million.
Total order backlog increased to EUR 1.41 billion, indicating strong future demand.
The company successfully entered the Finnish market with a flagship energy storage project, enhancing its European footprint.

Negative

Free cash flow was negative at EUR 27 million, a significant drop from the positive EUR 96 million last year.
The APAC region's revenue share decreased to 20% from 24% in Q1 2025.
EBIT in the large-scale division decreased to EUR 34 million from EUR 50 million in Q1 2025.
Net cash decreased by 16% to EUR 148 million due to increased net working capital.
There is regulatory uncertainty in Germany, which could impact future sales and customer decisions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

S92G.DE - SMA Solar Technology AG
Q1 2026 SMA Solar Technology AG Earnings Call
May 13, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you, operator, and welcome, everyone.

We very much appreciate that you are taking the time for this investor and analyst call on our first quarter 2026 results.

This conference call is scheduled for up to 60 minutes and will be recorded.

After the management presentation, I will be happy to answer your questions.

Today's presentation is available on our Investor Relations website.

The replay will also be available on the IR website shortly.

Our agenda for today, first, I will review our Q1 figures, then we will take a look at a number of external factors currently affecting our business, one of our latest highlight projects, as well as our current order backlog and

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