Home Solutions Lead Business For SMA Solar

German Solar Inverter Company’s H1/2023 Revenues Grew By 65%; Reiterates Annual Guidance

Home Solutions Lead Business For SMA Solar

SMA Solar’s H1/2023 financials improved significantly on an annual basis. (Photo Credit: SMA Solar Technology AG)

  • SMA Solar’s H1/2023 revenues improved 65.1% annually to €778.9 million  
  • Home Solutions led sales, followed by C&I and Large Scale & Project Solutions  
  • Backlog increased to €2.45 billion, comprising €2.07 billion product business

Improved supply situation and strong demand for its products led SMA Solar Technology to sell 7.213 GW worth of solar inverters in H1/2023, up from 5.75 GW in the previous year. Management has reported increased sales and earnings in all 3 business segments.  

The German solar inverter manufacturer earned €778.9 million revenues during the 1st half of 2023, reflecting an annual increase of 65.1%. A total of 75.3% of external sales calculated before sales deductions, were generated in Europe, Middle East and Africa region. North and South Americas contributed 19.6% to its sales, followed by Asia Pacific with 5.1%.   

The Home Solutions segment contributed the most with €327.3 million, having doubled its sales over the period, followed by Commercial & Industrial (C&I) Solutions whose €194.2 million sales went up 64%. The Large Scale and Project Solutions segment registered annual growth of 18.1% to €257.4 million.  

All three segments also closed the first half of 2023 with a positive result and have thus returned to profitability earlier than planned,” said SMA CFO Barbara Gregor.  

Compared to a net loss of -€10.6 million last year, net income increased to €103.5 million. EBITDA too rose significantly from €15.9 million in H1/2022 to €125.3 million this year with an EBITDA margin of 16.1%, attributed to increase in sales, improved supply, decrease in production cost and continued high-margin product mix.   

However, it is the product business that accounts for more than ¾ of the group’s total backlog of €2.45 billion with €2.07 billion.  

With a growing order backlog and increasing demand in the market, SMA expects its annual sales to increase up to €1.85 billion on 2023. (Photo Credit: SMA Solar Technology AG)


SMA has reiterated its increased annual sales guidance for 2023 at €1.7 billion to €1.85 billion when it expects to sell 17 GW to 19 GW of inverters, up from 12.2 GW sold in 2022. EBITDA is guided within the €230 million to €270 million range, while EBIT is anticipated between €190 million and €230 million.   

According to the company, “For the second half of 2023, the Managing Board anticipates a stabilization of sales and earnings in the Home Solutions segment at a high level and a rising share of sales and earnings from the C&I and Large Scale & Project Solutions segments.” 

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

Subscribe To Newsletter

Latest Videos