SMA Solar Technology

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SMA Solar Technology AG

logo
legal form Corporation
ISIN DE000A0DJ6J9
founding 1981
Seat Niestetal , GermanyGermanyGermany 
management
Number of employees 3124
sales 915.1 million euros (2019)
Branch Solar technology
Website www.sma.de
As of December 31, 2019

The SMA Solar Technology AG (originally "for S ystem-, M ess- and A nlagentechnik"), headquartered in the North Hessian Niestetal is one of the world's most liquid and Germany's best-known manufacturer of inverters for photovoltaic systems with power supply, mains-independent power supply and backup operations.

The company has branches in a total of 18 countries. Like SMA Railway Technology GmbH, which was sold in March 2017, SMA Solar Technology AG emerged from the former SMA Technologie AG.

In 2019, 3,124 people were employed. The turnover in 2019 was 915.1 million euros.

history

SMA was founded in 1981 by Werner Kleinkauf and the former board members Günther Cramer (1952–2015), Peter Drews and Reiner Wettlaufer under the name SMA Regelsysteme GmbH as an independent company from the University of Kassel and renamed SMA Technologie AG in 2004 . In 2006, Pierre-Pascal Urbon expanded the board. In June 2008 the name was changed to the current one in order to underline the strong focus on solar technology and to do justice to the company's internationalization. At the same time, the railway technology division was spun off into SMA Railway Technology GmbH. On March 29, 2017, the sale of SMA Railway Technology GmbH to the Chinese railway technology group Bejing Dinghan was completed.

Major changes in the Management Board took effect after the Annual General Meeting on June 10, 2009. The founder Reiner Wettlaufer switched to the supervisory board. Roland Grebe joined the company as Chief Technology Officer and Marko Werner for Marketing & Sales, both of whom have been with the company for over twenty years. From April 2010, Jürgen Dolle in the Human Resources department and Uwe Hertel in the Operations department added to the Executive Board. Since the 2011 Annual General Meeting, Pierre-Pascal Urbon has been spokesman for the board and responsible for the company's strategic direction and the continuation of internationalization. The two founders Drews and Cramer switched to the supervisory board. Uwe Hertel left the board in 2011.

In November 2012, Lydia Sommer expanded the board of directors and took over the finance and legal department from Pierre-Pascal Urbon, who previously held this department in a double role as board spokesman and chief financial officer. Since May 2013, Lydia Sommer has also been responsible for Human Resources and the role of Labor Director after Jürgen Dolle left the Board of Management. Management board spokesman Pierre-Pascal Urbon took over the operative business. In January 2015, Martin Kinne took over the sales and service department.

SMA is involved in deENet, an association “Competence Network for Decentralized Energy Technologies North Hesse ”, which was founded at the beginning of 2003 , which aims to bundle the competencies available in this area in the region. In March 2009, SMA built Solar-Werk 1, a CO 2 -neutral production facility.

In 2011 the company had more than 5000 employees. 2014 saw the biggest slump in the company's history to date. On January 26, 2015 it was announced that 1,600 of the Group's almost 4,700 jobs were to be cut, 1,300 of them in Germany. The location in the north Hessian Niestetal should be largely affected by these 1,300 job cuts. While SMA achieved sales of 1.9 billion euros and a surplus of 365 million euros in 2010, sales in 2014 were just 805.4 million euros, with a loss of 164.9 million euros.

As part of the company's transformation in 2015, the SMA Supervisory Board reduced the number of Management Board members. Lydia Sommer therefore resigned from the SMA Management Board at the end of February and Martin Kinne at the end of December 2015. Their duties have been transferred to the three remaining board members. As of January 1, 2016, Pierre-Pascal Urbon, as spokesman for the board, was responsible for the strategy department as chief financial officer (CFO) for finance, legal affairs and compliance as well as sales. Roland Grebe, previously Board Member for Technical Innovations, headed the HR and IT departments and was the new Labor Director at SMA Solar Technology AG. Jürgen Reinert had overall responsibility for the technology and operations departments.

Roland Grebe left the Board of Management on December 31, 2016. Ulrich Hadding was newly appointed to the board. With effect from January 1, 2017, the Management Board of SMA Solar Technology AG consists of the following members: Ulrich Hadding (Chief Financial Officer, Human Resources and Legal), Jürgen Reinert (Deputy Chief Executive Officer, Chief Operating Officer), Pierre-Pascal Urbon ( Board Spokesman, Board Member for Strategy, Sales and Service).

Pierre-Pascal Urbon left the company at his own request on December 31, 2018 and resigned from the Management Board on October 15, 2018 in consultation with the Supervisory Board. Jürgen Reinert has been CEO of SMA Solar Technology AG since October 15, 2018 and is responsible for strategy, sales and service in addition to Operations and Technology. Ulrich Hadding will continue to be responsible for the areas of finance, human resources and law as well as investor relations.

Company profile

The company focuses on the development and manufacture of system technology for photovoltaics and battery storage as well as on energy management solutions. In the past, SMA still comprised the rail technology and industrial computer divisions . SMA has sales and service branches in the USA, Chile, Brazil, Canada, Mexico, South Africa, Spain, Italy, France, the PR China, Australia, Belgium, India, Japan, Great Britain, Poland and the United Arab Emirates.

In 2011, SMA acquired one of its long-standing main suppliers for electronic components, the Polish company dtw Sp.z oo. In 2012, SMA acquired a majority stake in the Chinese company Jiangsu Zeversolar New Energy Co., Ltd., which is one of the leading Chinese solar inverter manufacturers. In the first quarter of 2019, the Chinese subsidiaries were sold to the local management.

The Danish company Danfoss was won as a strategic partner in 2014 and its inverter division was taken over. In April 2016, SMA took a 27 percent stake in Tigo Energy, Inc. as part of a capital increase and at the same time received the exclusive rights to worldwide sales of the TS4 retrofit smart module technology. In January 2018, SMA founded a subsidiary for digital energy solutions with coneva GmbH based in Munich.

Products

A Sunny Mini Central installed for an open-space system in Speyer , the Rhine in the picture on the right
Overview of the SMA inverters

SMA sells solar inverters as product families "Sunny Boy" (for small and house systems as well as solar trees), "Sunny Tripower" (for small and medium-sized systems from 3 kW up to the megawatt range), "Sunny Highpower" (for medium-sized systems from 75 kW up to PV power plants in the multi-megawatt range) and "Sunny Central" (for ground-mounted systems and solar parks from 500 kW up to the multi-megawatt range such as the solar system in the Waldpolenz energy park with 40 MW) for self-consumption of solar energy and for feeding into the network as well as battery storage systems the "Sunny Island" for independent stand -alone systems and grid-connected systems as well as "Sunny Boy Storage" for grid-connected PV systems and "Sunny Central Storage" for large storage power plants. The portfolio is supplemented by components for system monitoring, energy management and data evaluation as well as services through to the operational management of PV power plants.

Business figures

Fiscal year Turnover (in million € ) EBIT (in € million) Profit (in € million) Employees (annual average)
2003 104 16 8th 703
2004 181 33 13 832
2005 172 35 18th 928
2006 193 33 21st 1,164
2007 327.3 59.3 36.8 1,600
2008 681.6 167.4 119.5 2,513
2009 934.3 228.4 161.1 3,412
2010 1,920.1 516.8 365.0 4,466
2011 1,676.3 240.3 166.1 5,532
2012 1,463.4 102.0 75.1 5,584
2013 932.5 −89.1 −66.9 5.141
2014 805.4 −164.9 −179.3 5,137
2015 999.6 34.3 14.3 4,088
2016 946.7 64.8 29.6 3,345
2017 891.0 44.1 30.1 3,213 (at the end of the year)
2018 760.9 −151.7 −175.5 3,353 (at year-end)
2019 915.1 −11.8 −8.6 3,124 (at the end of the year)

As of March 31, 2020 / all financial reports:

share

The company's shares have been listed in the Prime Standard of the Frankfurt Stock Exchange since June 27, 2008 . On September 22, 2008, the company's share qualified for the TecDax technology index . With the reorganization of the DAX indices by Deutsche Börse on September 24, 2018, it switched from there to the SDAX. The share has been listed in the ÖkoDAX since September 22, 2008 ; it was included in the Photovoltaik Global 30 Index in 2009 . 25.17 percent of the shares are in free float in 2018. Major shareholders are the founders of the company with their foundations and families (54.83 percent) and the Danish anchor investor Danfoss (20.00 percent).

Awards

The SMA Solar Plant 1

In 2008 SMA received the German Fairness Award.

In addition, SMA Solar-Werk 1 received the Energy Efficiency Award 2010 from the German Energy Agency due to its CO 2 -neutral production and was also selected in 2011 by Germany - Land of Ideas .

Web links

Commons : SMA Solar  - collection of images, videos and audio files

Individual evidence

  1. ↑ a b Annual Report 2019. (pdf) sma.de, accessed on March 31, 2020 .
  2. ↑ New photovoltaics study: SMA Solar is the best-known manufacturer of inverters , article in the photovoltaics guide from July 1, 2010
  3. ↑ SMA announces a change of name for the company and the outsourcing of railway technology , accessed on November 25, 2010
  4. ↑ SMA Railway Technology GmbH: New owner strengthens the market position of SMA Railway Technology GmbH. In: sma-railway.com. March 29, 2017. Retrieved April 25, 2017 .
  5. ^ Company profile ( Memento of May 29, 2011 in the Internet Archive ), SMA website, accessed on March 11, 2012.
  6. ↑ Bad news from Niestetal: SMA cuts a third of its jobs , hna.de, article from January 27, 2015.
  7. ↑ http://www.sma.de/investor-relations/publikationen/wichtige-kennzahlen.html
  8. ↑ SMA Solar Technology changes board positions. In: sma.de. December 8, 2016, Retrieved April 25, 2017 .
  9. ↑ SMA Solar Technology AG: Dr.-Ing. Jürgen Reinert becomes CEO of SMA - Pierre-Pascal Urbon leaves the company. Retrieved July 8, 2019 .
  10. ↑ From the company news on the website of SMA Solar Technology AG ( Memento from June 17, 2011 in the Internet Archive )
  11. ↑ From the company news on the website of SMA Solar Technology AG
  12. ↑ Big projects and positive trends. April 15, 2019, accessed on July 8, 2019 (German).
  13. ↑ a b https://www.sma.de/investor-relations/aktie.html
  14. ↑ SMA Solar Technology AG: SMA Solar Technology AG acquires a stake in Tigo Energy, Inc. in order to open up the market for smart module technology. In: www.sma.de. Retrieved November 25, 2016 .
  15. ↑ SMA Solar Technology AG: SMA Solar Technology AG founds subsidiary coneva GmbH for digital energy solutions. Retrieved September 24, 2018 .
  16. ↑ SMA Solar Technology AG: Invitation to the 2018 Annual General Meeting (PDF) Accessed June 10, 2018 .
  17. ↑ SMA Solar Technology AG: Financial reports. (PDF) Retrieved March 31, 2016 .
  18. ↑ SMA Solar Technology AG makes it into the TecDAX , accessed on November 25, 2010
  19. ↑ Fairness Foundation: Award ceremony 2008. Accessed on July 11, 2019 .
  20. ↑ SMA inverter factory received first prize at the Energy Efficiency Award 2010 (10059). Retrieved July 11, 2019 .
  21. ↑ SMA Solar Technology - CO2-neutral inverter production. In: land-der-ideen.de. Retrieved July 11, 2019 .

Coordinates: 51 ° 18 ′ 54.4 ″  N , 9 ° 32 ′ 19.5 ″  E