SMA Solar Technology Reports First Half of 2025 Results

SMA Solar Technology AG announced a decline in sales to €684.9 million for the first half of 2025, down from €759.3 million the previous year, reflecting lower demand and increased competition in Home & Business Solutions. EBITDA fell to €55.1 million, with one-time effects reducing it further to €9.1 million. The company faced strong pricing pressures and inventory challenges in the residential segment.

The Large Scale & Project Solutions division showed improvement, with sales increasing to €568.8 million, contributing positively to SMA's overall performance. However, the company forecasts sales and EBITDA near the lower ends of its guidance due to ongoing market uncertainties and regulatory changes in the U.S. impacting future prospects.

Preparations for potential market deterioration include cost optimization and strategic product portfolio adjustments. Despite challenges, SMA maintains a solid equity base, with a free cash flow boost to €65.5 million compared to negative figures last year.