SMA Solar Technology (ETR:S92) has reported its full year 2023 results, showing significant growth in key financial metrics. The company’s revenue increased by 79% from the previous year to €1.90 billion, while net income soared by 304% to €225.7 million. The profit margin also saw a substantial improvement, rising to 12% from 5.2% in FY 2022, driven by higher revenue. Earnings per share (EPS) increased to €6.50 from €1.61 in FY 2022.
The strong financial performance of SMA Solar Technology surpassed analyst expectations, with revenue exceeding estimates by 2.3% and EPS beating estimates by 3.5%. Looking ahead, the company is forecasted to continue its growth trajectory, with revenue expected to grow by 8.0% on average over the next 3 years.
In comparison to the Semiconductor industry in Germany, SMA Solar Technology is positioned well, with a growth forecast slightly below the industry average. Despite a recent 1.9% decline in the company’s shares, our analysis suggests that SMA Solar Technology may be undervalued. For a more detailed examination of analyst consensus and the future outlook of the company, click here.
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