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Increased Sales Push SMA Solar’s Net Income to $56 Million in Q2 2023

The company’s revenue grew by 64% YoY during the quarter

August 17, 2023

/ Rakesh Ranjan
/ Finance and M&A, Solar
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Germany-based solar energy equipment supplier SMA Solar Technology reported a net income of €51.79 million (~$56.46 million) in the second quarter (Q2) of 2023, a vast improvement from the loss of €13.55 million (~$14.77 million) during Q2 2022.

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Rakesh Ranjan

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EBITDAGermanyinvertersResultsRevenueSMA Solar
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