Reuters logo
SMA Solar says railway tech unit sale to boost Q1 earnings
March 29, 2017 / 5:23 AM / 6 months ago

SMA Solar says railway tech unit sale to boost Q1 earnings

BERLIN, March 29 (Reuters) - SMA Solar, the world’s largest maker of solar inverters, said it agreed to sell unit SMA Railway Technology to Chinese railway technology group Beijing Dinghan Technology, which will have a positive impact on its first-quarter earnings.

The two parties have agreed not to disclose the deal price, SMA Solar said in a statement on Wednesday.

The sale will have a positive impact on earnings in the first quarter, SMA Solar said, predicting earnings before interest, tax, depreciation and amortisation of 15-18 million euros ($16-$19 million).

It confirmed its full-year targets.

$1 = 0.9252 euros Reporting by Victoria Bryan; Editing by Sherry Jacob-Phillips

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below