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SMA Solar Net Income Plunges 44.8% YoY in Q1 2024 on Increased Costs

The company held ground with €361.8 million in sales, maintaining stability

May 10, 2024

/ Gautamee Hazarika
/ Markets & Policy, Solar
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Germany-based solar energy equipment supplier SMA Solar Technology reported a net income of €28.5 million (~$30.6 million), down by 44.8% YoY from €51.7 million (~$55.6 million) in Q1 2023.

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Gautamee Hazarika

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EarningsFinancial ResultsGermanyinvertersSMA Solar
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