SMA Solar Technology (ETR:S92) released its First Quarter 2024 financial results, reporting revenue of €361.8m, a decrease of 1.5% compared to the same period in 2023. Net income was €28.5m, down 45% from the previous year, resulting in a profit margin of 7.9% compared to 14% in Q1 2023. The decline in margin was primarily due to higher expenses, leading to earnings per share of €0.82, down from €1.49 in Q1 2023.
The company’s revenue and earnings missed analyst estimates by 16% and 27%, respectively, indicating a challenging quarter for the German Semiconductor industry. Looking ahead, revenue is forecasted to grow by an estimated 7.2% annually over the next three years, slightly lower than the expected growth rate for the Semiconductor industry in Germany (8.4%).
SMA Solar Technology’s shares have declined by 5.7% from the previous week, reflecting mixed performance for the German Semiconductor industry as a whole. It’s important to consider the risks associated with investing in this company as there are three warning signs that investors should be aware of; two of which are particularly concerning.
If you have any feedback on this article or concerns about its content, please reach out directly or contact our editorial team at Simply Wall St
Underwater Fly Zone is a business that was founded by 23-year-old entrepreneur, Foster Huggins. The…
On Monday, there were many top stories and transfer rumors from various newspapers. Among them…
The University of Missouri softball team had a successful day on Saturday, winning two games…
China and Mexico have maintained a strong relationship in aerospace material, with a particular focus…
At Jones Beach, thousands of people gathered to take part in a fundraiser aimed at…
The New York Mets have decided to take a closer-by-committee approach to their bullpen, with…