SMA’s Home & Business Solutions division deteriorated further in Q3, prompting a lowered 2025 outlook
It expects one-time charges of €170 million to €220 million, including inventory write-downs, R&D impairments, and restructuring accruals
Annual sales forecast has been revised downwards; management targets additional annual savings of over €100 million
Germany-headquartered solar PV inverter and battery producer SMA Solar Technology has adjusted its 2025 financial outlook following a significant drop in performance in the Home & Business Solutions division, which ‘further deteriorated’ in Q3.
The company expects this decline in the business segments to trigger one-time charges of roughly €170 million to €220 million, including inventory write-downs, impairments of R&D projects and production assets, and restructuring accruals.
SMA forecasts its annual sales to range from €1.45 billion to €1.5 billion, and EBITDA between -€80 million and -€30 million. These compare to the company’s previous guidance for sales of €1.5 billion to €1.55 billion and EBITDA of €70 million to €80 million (see SMA Solar’s H1 2025 Sales Impacted By Home & Business Segment).
“Due to the ongoing challenging market environment for the residential,
commercial and industrial market segments, the Managing Board is broadening the scope of the ongoing restructuring measures, particularly in the Home & Business Solutions division,” shared SMA management. “This includes adjusting and refining the product portfolio as well as the depth of value creation, making greater use of our international locations and delivering a more efficient service strategy.”
The company expects these measures to help with additional annual cost savings exceeding €100 million.
SMA’s recent H1 2025 results were led by the large-scale and project solutions (LSPS) division, for which it remains optimistic, but expects uncertainties due to customs duties and unclear safe harbor requirements under the US’ One Big Beautiful Bill Act (OBBBA).
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