SMA Solar Technology AG (WBO:S92)
€ 14.99 -0.13 (-0.86%) Market Cap: 516.68 Mil Enterprise Value: 339.72 Mil PE Ratio: 6.53 PB Ratio: 0.74 GF Score: 48/100
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Q1 2020 SMA Solar Technology AG Earnings Call Transcript

May 14, 2020 / 07:00AM GMT
Release Date Price: €26.12 (-9.93%)
Ulrich Hadding
SMA Solar Technology AG - Board Member for Finance, HR & Legal

Welcome everyone. We very much appreciate that you are taking the time for this investor and analyst call on the Q1 2020 results of SMA. You can find today's presentation on our Investor Relations website, IR. SMA.de. This conference call scheduled for 60 minutes and will be recorded. (Operator Instructions).

I will in the following follow the format of the 2019 annual results presentation. That means we will start with the full review of the Q1 financials before presenting you our market positioning and expectation on market developments. At the end I will explain our expectations for full year 2020. I expect my presentation to last about 20 minutes before I get to the guidance.

I refer to our disclaimer on page 2 and here on slide 4 you'll find a summary of the key financials for Q1 2020. As usual, I will provide you with more details on our sales, profitability, balance sheet and cash flow on the next slide. So, on the page I would only focus on quarterly development in the table in the bottom right

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