Shares in SMA Solar Technology rose on Thursday following the company's positive performance in the third quarter. The German solar-energy equipment supplier has raised its full-year guidance, now expecting sales of 1.8 billion euros to 1.9 billion euros and EBITDA of 285 million euros to 325 million euros.
Encouraging Revenue Growth
In the third quarter, SMA Solar Technology reported revenue between 555 million euros and 565 million euros, a significant increase compared to the previous year's 252 million euros. This growth is attributed to the company's improved performance and dedication to providing high-quality solar-energy equipment.
Advancements in EBITDA
The company also expects a substantial improvement in its EBITDA, forecasting it to be between 105 million euros and 110 million euros, a significant increase from the previous year's 34 million euros. SMA Solar Technology attributes this growth to its ongoing efforts to improve operational efficiency and reduce costs.
Upcoming Financial Results
Investors and analysts alike eagerly await the release of SMA Solar Technology's financial results for the first nine months of the year, which are scheduled for November 9th. The company's consistent progress and positive outlook suggest continued success in the solar-energy industry.
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