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SMA Solar keeps full-year outlook after mixed quarter

Thu, 08/12/2010 - 11:25pm
Reuters

FRANKFURT (Reuters) - SMA Solar, the world's biggest maker of solar inverters, stuck to its 2010 outlook as strong demand in Germany led the company to post higher-than-expected second-quarter sales.

A buoyant German market has helped industry players around the world -- including SunPower, LDK, Phoenix Solar and SolarWorld -- to post strong second-quarter results, with some even raising their outlooks.

However, SMA said on Friday second-quarter earnings before interest and tax (EBIT) and net profit reached 128 million euros ($164.1 million) and 92 million, respectively, slightly missing analyst expectations.

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