Niestetal, March 9, 2010 – SMA Solar Technology AG (Frankfurt Stock Exchange: S92) is to strengthen its presence in North America with the foundation of a subsidiary in Canada. The site will be selected during the course of the first half of 2010. The initial investment volume is between € 5 and 10 million. SMA solar inverters from the Sunny Boy, Sunny Central and Sunny Island product ranges are to be produced for the Canadian market. Sales and services are also to be bundled together into the company. SMA is planning to create 100 to 200 jobs on site in the medium term.

The province of Ontario in Canada offers an outstanding framework for the development of a sustainable photovoltaic market. The recently implemented support programme, combined with above-average solar radiation, creates a strong incentive for investment in photovoltaics. For manufacturers of photovoltaic components, the programme comprises of a call for local content. The goal of this call is the creation of high-quality jobs in a sector geared to the future.

“We support this call for local content and are meeting this requirement with the establishment of a production facility there,” explains Günther Cramer, Chief Executive Officer at SMA Solar Technology AG. “Ontario’s support programme is a guiding light and, according to our evaluation, of the potential in inspiring other Canadian provinces to follow suit.”

In parallel, the SMA Group is also increasing production capacity at the sites in Kassel and Denver. Germany is to remain the main production and technological development area for the future. At the sites in Niestetal and Kassel, annual capacity is to be increased to around 10 gigawatts by the middle of the year through the implementation of interim solutions. Production in Denver, USA is in the initial phase, operating at an annual capacity of around 1 gigawatt, and should start production this summer.

About SMA
The SMA Group generated sales of c. 934 million Euro in 2009 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. It is headquartered in Niestetal, near Kassel, Germany, and is represented on four continents by 13 foreign subsidiaries. The Group employs a staff of over 4,000 (incl. temporary employees). SMA’s product portfolio includes the most comprehensive range of inverters on the market, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. Since 2008, the Group’s parent company SMA Solar Technology AG has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has received numerous awards for its excellence as an employer.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany


Press contact:
Volker Wasgindt
Head of Press and Association Work
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de


Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de
Julia Damm (Private Investors)
Phone +49 561 9522-11 64



Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the executive board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

• Sales increased in difficult market environment by 37 % to about 934 million Euro with a sold inverter output of approx. 3.4 GW
• EBIT increased to about 228 million Euro (EBIT margin approx. 24.4 %)
• For 2010, the Managing Board expects a sales increase to 1.1 billion Euro to 1.3 billion Euro with an EBIT-margin of 20 % to 23 %
• Managing Board will  be temporarily expanded to seven board members
• Supervisory Board will be extended to twelve members due to surge in SMA workforce

Record year 2009
SMA Solar Technology AG (FWB: S92), world market leader for solar inverters, today published its preliminary figures for fiscal 2009. With record sales of approx. 934 million Euro, the Company exceeded its sales forecast of between 850 and 900 million Euro (previous year: 682 million Euro). Group sales were driven primarily by the significantly higher demand in the second half year of 2009. The short-term increase in the produced inverter output from the first to the fourth quarter 2009 at a ratio of distinctly more than 1:4 (Q1: c. 243 MW, Q4: c. 1,415 MW) again provides proof of SMA’s high degree of flexibility.

The EBIT of approx. 228 million Euro (previous year: 167 million Euro) is slightly above the earnings forecast (195 million Euro to 225 million Euro). The EBIT margin of approx. 24.4 % will reach the level of the previous year (24.6 %). With these figures, 2009 is the most successful year in the Company’s history.

SMA strengthened its market position again in fiscal 2009 and raised its worldwide market share to more than 40 % according to its own estimates (previous year: 38 %). “Due to our technological leadership, our unique strategy of flexibility and our ongoing international expansion, we achieved excellent operating results. We were again able to prove our competitive strength in a market environment that is characterized by intense competition," explains Günther Cramer, Chief Executive Officer of SMA Solar Technology AG.

The complete and audited 2009 annual report will be submitted by SMA on March 31, 2010, and the Managing Board will then present the results on the same day at the press conference on the annual results in Frankfurt am Main.

Sales and earnings forecast 2010
The Managing Board expects strong market growth in 2010. Germany will remain by far the largest photovoltaics market worldwide, but there will be decisive growth impulses from foreign photovoltaics markets. Owing to its international distribution and service organization, SMA will be able to benefit from these developments. The Managing Board expects to keep the worldwide market share in 2010 above 40 % and to achieve sales of 1.1 billion Euro to 1.3 billion Euro for the current fiscal year. The intensity of competition, which has increased due to growing internationalization, and the stronger digression of feed-in tariffs in Germany will lead to higher cost pressures. Hence, SMA expects a slight decrease in EBIT-margins in 2010 down to 20 % to 23 %.

Temporary expansion of Managing Board
The founders of SMA Solar Technology AG have prepared the Company systematically for many years for the pending challenges and a generational shift in the Managing Board. The organizational change from a pioneer to a global market leader was completed very successfully earlier than scheduled. Due to the expansion of the Managing Board in 2009 and the distinct extension of the second management level to 18 divisional managers, the organizational structure has also been prepared consistently for the high requirements of the dynamic photovoltaics market.

The inflow of funds from the successful IPO in 2008 provided SMA with the financial prerequisites to benefit from the worldwide growth of the photovoltaics sector. SMA expanded its business activities and international presence early on and, today, has 13 subsidiaries abroad. The group of companies is sustainable in every respect.

As announced by SMA Solar Technology AG as early as in February 2009, the contracts with the two founding board members Günther Cramer (CEO) and Peter Drews (COO) will expire in the middle of 2011. After 30 years of activity in the Company’s management, Günther Cramer and Peter Drews will complete the generational shift and stand as candidates for the Supervisory Board.

In order to ensure an optimal induction of the new board members as well as a smooth transfer of responsibilities, the Supervisory Board resolved today to expand the Managing Board from five to seven board members to April 1, 2010 for the period until the departure of both founders.

Effective April 1, 2010, Uwe Hertel (*1960), graduate engineer, will become new Managing Board member in charge of production. Uwe Hertel has been with SMA for 19 years and is currently Senior Vice President Production. He also sets up the US-production site in Denver, Colorado.

The graduate social pedagogue Jürgen Dolle (*1954) will take over the board department of Human Resources effective on April 1 likewise. Jürgen Dolle has been with SMA since 2001 and currently serves as Vice President Human Resources. In this position, he successfully expanded SMA‘s workforce over many years of strong growth. Jürgen Dolle also advanced SMA‘s corporate culture, which has been awarded several times, and implemented it in SMA’s subsidiaries worldwide. He will also fullfill the function of the labor director.
 
CEO Günther Cramer will continue to assume the functions of strategy and corporate communication. Peter Drews will fill the temporarily established board position Systematic Product Cost Reduction, becoming Chief Product Officer (CPO) until the Annual General Meeting 2011. The scheduled and fast cost reduction for SMA products is of the utmost importance for the medium- and long-term expansion of the Company’s leading market position. To this end, the Company intends to develop further consistently the holistic approach to a strategic cost reduction, which will include equally the elements technology, materials, production and reliability. Peter Drews will devise a corresponding strategy in the next few months across all functions and implement it in the Company with a lasting effect. “It is our declared goal to strategically further develop our to date successful technological approach to promote the systematic product cost reduction by permanent innovation. In this context, we will follow an interdisciplinary systematic that ensures stronger interactions between the different functional areas within the Company,“ says Peter Drews.

Effective April 1, 2010, the Managing Board of SMA Solar Technology AG will therefore consist of the following seven members: Günther Cramer (CEO; strategy & corporate communication), Jürgen Dolle (Chief Human Resources Officer), Peter Drews (Chief Product Officer), Roland Grebe (Chief Technology Officer), Uwe Hertel (Chief Operating Officer), Pierre-Pascal Urbon (Chief Financial Officer) and Marko Werner (Chief Marketing & Sales Officer).

“We are looking back to the most successful year in the Company’s history. For a long time, we have prepared the Company for the generational shift and regard it as highly sustainable and optimally positioned in all areas,“ explains Günther Cramer, Chief Executive Officer of SMA Solar Technology AG. “The next logical step towards the final changing of the guards is the transfer of responsibilities. We hand the board departments Operations and Human Resources trustfully over to excellent successors and into reliable hands at the same time. For assuring an ideal transition process, we want to accompany the generational change until the Annual General Meeting.”

Expansion of Supervisory Board
Due to the positive development of SMA during the past years, the number of employees has significantly increased up to more than 4,000 (incl. temporary employees). It is therefore necessary to expand the Supervisory Board to twelve members as well as to compose the Board on a parity basis. The Managing Board today gave notice according to § 97 Aktiengesetz (German Stock Corporation Act). In the future, the Supervisory Board will be composed of six shareholder representatives and six employee representatives. The employee representatives, thereof two trade union representatives and one executive employee representative, are elected by the employees. The six shareholder representatives will be elected by the Annual General Meeting on May 27, 2010. All current shareholder representatives have shown their will today to stand for election at the upcoming Annual General Meeting.


About SMA
The SMA Group generated sales of c. 934 million Euro in 2009 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. It is headquartered in Niestetal, near Kassel, Germany, and is represented on four continents by 13 foreign subsidiaries. The Group employs a staff of over 4,000 (incl. temporary employees). SMA’s product portfolio includes the most comprehensive range of inverters on the market, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. Since 2008, the Group’s parent company SMA Solar Technology AG has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has received numerous awards for its excellence as an employer.
 
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany


Press contact:
Volker Wasgindt
Head of Press and Association Work
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de


Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de
Julia Damm (Private Investors)
Phone +49 561 9522-11 64



Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the executive board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Niestetal, November 13, 2009 – Today, SMA Solar Technology AG (FWB: S92) publishes its nine-month financial report for the period from January to September 2009. On account of the quarterly results, which had exceeded expectations, SMA published preliminary figures as early as on October 20, 2009 and increased its sales and earnings forecast for the whole of 2009 from EUR 760 to 810 million and the EBIT margin from 21.5 % to 23.5 %. Due to the ongoing high demand for SMA’s photovoltaic inverters and the successful further enhancement of production capacities in the short term, the Managing Board of SMA Solar Technology AG (FWB: S92) increased the financial guidance for fiscal year 2009 a second time on November 12, 2009 to sales of EUR 850 to 900 million. The EBIT-margin is now expected at between 23.0 and 25.0 %.

In the third quarter, SMA recorded an increase in sales of c. 38 % to EUR 312.4 million (Q3 2008: EUR 226.7 million). In this quarter, which is the most successful one in the Company’s history, more than half of the sales revenues of 2009 was generated. Sales revenues in the first nine months increased by c. 8 % to EUR 559.5 million as compared to the same period of the previous year (Q1 – Q3 2008: EUR 519.3 million).

The Company increased its inverter output sold from 0.2 GW in Q1 to 1.2 GW in Q3. By continuous investments in the development of new products, SMA reduced the specific inverter price to 0.25 EUR/W in Q3 (2008: 0.30 EUR/W).

The trend identified in the second quarter in the direction of higher performance classes continued in the third quarter. In the Medium Power Solutions segment, the high-performance solar inverters of the types Sunny Mini Central 10000TL and 11000TL and Sunny Boy 5000TL were highly sought after. In the High Power Solutions segment, the central inverters Sunny Central 630HE, followed by 500HE and 560HE, were the products most sold.

With its global distribution and service network in twelve countries on four continents, the SMA Group participates directly in the growth of foreign photovoltaics markets. Sales generated abroad amounted to EUR 215.7 million in the first nine months of 2009 (Q1 – Q3 2008: EUR 225.6 million). Due to strong domestic demand, the export ratio of 37.7 % was below that of the previous year of 41.8 %. The most important foreign markets were the Benelux countries, followed by North America, France, Italy and Australia.

The SMA Group estimates that it has increased its market share to between 45 % and 50 % during the year (2008: 38 %). According to the Managing Board, the new market shares are due to the unique positioning, the complete product range based on state-of-the-art technology, the international presence and the extraordinary flexibility of SMA.

In the third quarter 2009, SMA achieved operating profit (EBIT) of EUR 85.9 million (Q3 2008: EUR 63.1 million). This corresponds to an EBIT margin of 27.5 % in the third quarter (Q3 2008: 27.8 %). In the reporting period from January to September 2009, SMA realized EBIT of EUR 120.8 million (Q1 – Q3 2008: EUR 131.8 million). This corresponds to an EBIT margin of 21.6 % (Q1 – Q3 2008: 25.4 %). The reason for the slightly declining EBIT margin is changed cost structures, in particular due to the expansion of development activities and of the worldwide distribution and service network. SMA’s profitability is still influenced significantly by the required product mix and economies of scale. Group net income of EUR 86.0 million was c. 8 % below the value of the previous year of EUR 93.9 million. With a volume of 34.7 million shares on the balance sheet date of September 30, 2009, the earnings per share amounted to EUR 2.48 (September 30, 2008: EUR 2.71 on 34.7 million shares).

On September 30, 2009, the net working capital ratio was 19.2 % (December 31, 2008: 11.4 %) and outside the target range of 16 % to 18 %. The increase in inventories and receivables reflects the currently high order volume. Liquid funds and securities amounted to EUR 253.5 million on the balance sheet date of September 30, 2009 (December 31, 2008: EUR 261.0 million).

About SMA
The SMA Group generated sales of more than EUR 680 million in 2008 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. It is headquartered in Niestetal, near Kassel, Germany and represented by foreign subsidiaries in twelve countries on four continents. The Group employs a staff of over 3,500 (incl. temporary employees). SMA’s product portfolio includes the most comprehensive range of inverters on the market, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. Since 2008, the Group’s parent company SMA Solar Technology AG has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has received numerous awards for its excellence as an employer.

Press contact:
SMA Solar Technology AG

Volker Wasgindt
Head of Press and Association Work
Sonnenallee 1
34266 Niestetal
Germany
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de

Investor Relations:
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Fax +49 561 9522-22 23
ir@SMA.de

Anna Raudszus (Institutional Investors/Analysts)
Phone +49 561 9522-22 22

Julia Damm (Private Investors)
Phone +49 561 9522-11 64

Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the executive board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Niestetal, February 19, 2009 - The SMA Solar Technology AG (Frankfurt Stock Exchange: S92) has concluded the most successful fiscal year in the company's history, with record turnover and earnings.

According to provisional figures, the company was able to more than double its turnover, from 327 million euros in the previous year to approx. 680 million in 2008, thanks to the large demand for SMA PV inverters. The EBIT increased during the reporting period by about 170 %, to over 160 million euros (previous year:  59 million euros). In this way, SMA improved the EBIT margin from 18 % in 2007 to over 24 %. In view of the excellent business development, the board of directors and the supervisory board will propose a dividend of 1.00 euros per share to the annual general assembly. SMA will present the complete annual financial statement at the press conference on annual results, on March 31st, 2009 in Frankfurt am Main.

"We achieved outstanding business results in 2008, expanded our market and technological leadership at the same time, and increased our export share", explained Günther Cramer, CEO of the SMA Solar Technology AG.

Further developments in the photovoltaic market are difficult to assess, due to the present situation in the financial market. The market for PV modules has changed increasingly from a seller's market to a buyer's market in recent months, with a significant reduction in the price of modules. However, inverter manufacturers like SMA are not affected by this development, since there has been intense competition in this market segment from the beginning. SMA adjusted very well to these competitive conditions early on.

"The photovoltaic market will develop further especially with regard to technological innovation for cost reduction and to increasing internationalization. Therefore SMA will continue to expand the area of research and development, and it will position itself early in new markets, ambitioning the market leadership", added Günther Cramer. "In order to make available the required additional management resources, we will expand the Board of Directors with managerial staff who have proven themselves in supervisory positions at SMA over several years".

Consequently, the Board of Supervisors decided today to expand the Board of Directors from four to five members and to implement a new distribution of the Management Department. In addition, company founders Günther Cramer and Peter Drews will extend their directorship contracts, which expire in August 2009, to 2011. With this decision they guarantee full continuity at the management level.

Within the framework of these adjustments, the Management Department for Strategy and Development will be apportioned. CEO Günther Cramer will concentrate on the further development of company strategy and on the Personnel Department in the future. Both areas are of decisive significance for the long-term successful future of SMA.

The new Director of Development will be Dipl.-Ing. Roland Grebe (48) who has been at SMA for 24 years and who, as Area Manager, drives the development of important product lines. By naming a directorship with development as its sole area of responsibility, SMA creates the best conditions for the planned increase in capacity in the R & D department, and for the continued expansion of technological leadership.

Reiner Wettlaufer, Director of Finance, decided not to extend his directorship contract due to his personal life plans, and instead will be a candidate for the Board of Supervisors in the annual general assembly of 2009. He will remain tied to the company in the long-term as member of the board of supervisors and as one of the main shareholders.
 
"Together with the other two founders, Reiner Wettlaufer has established SMA as one of the best companies in the photovoltaic branch with great personal dedication", said Dr. Erik Ehrentraut, Director of the Board of Supervisors. "He has led the finance department in an exemplary fashion in all development phases of the company, namely in times of extreme growth and international expansion, and, in addition, was instrumental in the preparation and execution of the successful IPO in June 2008. The Board of Supervisors thanks him for his great performance and his personal engagement over 28 years."

His position will be taken over by Pierre-Pascal Urbon, who is now Director of Sales, Marketing and Investor Relations. The declared finance and capital markets expert will join the Finance Department with the responsibilities for Investor Relations.

Dipl.-Ing. Marko Werner (45) will join the Board of Directors, where he will be Pierre-Pascal Urbon's successor as Director of Sales and Marketing. Marko Werner has been 22 years with SMA and as Senior Vice President was responsible for sales company-wide.

This way, starting on June 11, 2009, the day after the annual general assembly, the SMA Solar Technology AG Board of Directors will consist of the following five members: Günther Cramer (Speaker, Strategy & Personnel), Peter Drews (Business Operations), Roland Grebe (Development), Pierre-Pascal Urbon (Finance & Investor Relations) and Marko Werner (Sales and Marketing).

Directors Günther Cramer and Peter Drews have announced, in addition, that after expiration of their two-year contracts in 2011 they will run for election into the Board of Supervisors. All founders will remain tied to the company as major shareholders and will also hold their shares in the long-term.

With the expanded Board of Directors, SMA will continue to pursue its success strategy consistently, which is characterized by a comprehensive product spectrum, clear technological leadership, worldwide presence with sales and service subsidiaries and high flexibility in manufacture.


About SMA Solar Technology AG
SMA is the global leader in the market for solar inverters, a central component of every solar power system. The SMA group's head office is located in Niestetal, near Kassel in Germany. It is represented internationally by foreign subsidiaries on four continents in eight countries. The group currently employs more than 2,500 people (including temporary employees). SMA produces a broad range of inverter types which offers suitable inverters for every photovoltaic module type used and for photovoltaic systems in all power ranges. The product palette includes inverters both for grid-connected photovoltaic systems and for stand-alone systems. Since June 27, 2008, the company has been listed in the Prime Standard of the Frankfurt Stock Exchange (S92), and since September 22, 2008, the company's shares have been listed in the TecDAX. In the past recent years, SMA was recognized several times with awards for its outstanding performance as an employer.


Press contact:
SMA Solar Technology AG

Volker Wasgindt
Head of Press and Association Works
Sonnenallee 1
34266 Niestetal
Germany
Tel.: +49 561 9522-11 21
Fax:+49 561 9522-11 03
Volker.Wasgindt@SMA.de

Investor Relations

Anna Raudszus (institutional investors/analysts)
Tel. +49 561 9522-11 72

Julia Damm (private investors)
Tel. +49 561 9522-22 22

Sonnenallee 1
34266 Niestetal
Germany
Fax.+49 561 9522-22 23
ir@sma.de

Disclaimer:
This document contains statements information and statements pertaining to the future - that is, statements about events in the future, not the past. These statements about the future can be recognized by such choices of terms as "to expect", "to want", "to anticipate", "to intend to", "to plan", "to believe", "to strive for", "to estimate", "to become", or similar terms. Such predictive statements are based upon our present expectations and specific assumptions. Because of this, they imply, intrinsically, a set of risks and uncertainties. A multitude of factors, many of which are beyond the sphere of influence of SMA, have an effect on SMA's business activities, success, business strategy and earnings. These factors could result in SMA's actual earnings, success, and performance differing significantly from the declared or implicit indications about earnings, success or performance included in the statements about the future. For us, such uncertainties are a result of, among other factors: changes in general economic and business circumstances  (including developments affecting margins), changes in the legal framework, and of rates of exchange and interest. If one or more of these risks or uncertainties come to pass, or should it turn out that the underlying assumptions were not correct, the actual result could differ positively or negatively from those results which were indicated in the statements about the future as being the expected, anticipated, intended, projected or estimated results. SMA accepts no liability and does not intend to update or correct these statements about the future, should there be developments other than those expected.

The information contained herein is not for publication or distribution in the United States of America, Japan, Canada or Australia.

As part of a solemn ceremony, the system will be inaugurated today at the Accademia delle Scienze in the Vatican. Taking part in this ceremony are, in addition to Frank Asbeck, Managing Director of the SolarWorld AG, Pierre-Pascal Urbon, member of the Managing Board of SMA, and Valerio Natalizia, Managing Director of SMA Italia, among others the President of the Governorate of the Vatican, Cardinal Giovanni Lajolo, as well as Prof. Carlo Rubbia, a Nobel Prize recipient. Following the ceremony, Hermann Scheer, President of EUROSOLAR, will award the European Solar Prize to the Vatican and the SolarWorld AG in appreciation of this project.

"With the use of a solar power system, the Vatican supports the worldwide promotion of solar energy and sets a mark for a future-oriented energy supply with renewable forms of energy", said Günther Cramer, Speaker of the SMA Solar Technology AG Management Board. "We are very pleased that SMA inverter technology has been used in this as of yet unique project."

The system, which was installed on the football-field-sized roof of the Paolo VI Papal audience hall, has a total power output of about 220 kilowatts. 2,394 solar modules will generate up to 300 megawatt-hours of electricity per year, roughly corresponding to the yearly need of 100 households.

Overview of the SMA technology used
19 x Sunny Mini Central 11000TL
1x Sunny Mini Central 7000TL
2 x Sunny Boy 5000TL HC
1 x Sunny Boy Control Plus
1 x Sunny Sensor Box

About SMA Solar Technology AG
SMA generated sales of EUR 327 million in 2007 and is thus worldwide market leader for photovoltaic inverters, a key component of all photovoltaic solar power plants. The SMA Group is based in Niestetal, near Kassel, and is represented by foreign subsidiaries in eight different countries on four continents. The Group employs a staff of over 2,600 (incl. temporary staff). SMA produces a broad range of inverters, offering the right inverter for every type of photovoltaic module in use and for all sizes of photovoltaic plant. The product range covers both inverters for photovoltaic plants connected to the grid and inverters for off-grid systems. The company has been listed on the Frankfurt Stock Exchange Prime Standard (S92) since June 27, 2008; since September 22, 2008 the company’s shares have listed on the TecDAX. In the past, SMA received a number of awards for its excellence as an employer.

Vatican City/Niestetal

Press contact:

SMA Solar Technology AG
Volker Wasgindt
Head of Media and Association Relations
Sonnenallee 1
34266 Niestetal
Germany
Tel.: +49 561 9522-11 21
Fax:+49 561 9522-11 03
Volker.Wasgindt@SMA.de

Disclaimer
This document contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words such as “expects,“ “looks forward to,“ “anticipates,“ “intends,“ “plans,” “believes,” “seeks,” “estimates,” “will,” “project” or words of similar meaning. Such statements are based on our current expectations and certain assumptions, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond SMA’s control, affect our operations, performance, business strategy and results and could cause the actual results, performance or achievements of SMA to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For us, particular uncertainties arise, among others, from changes in general economic and business conditions (including margin developments, the legal and regulatory framework, changes in currency exchange rates and interest rates.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. SMA does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.

The information contained herein is not for publication or distribution in the United States of America, Japan, Canada or Australia.

• Q3 strongest quarter in SMA’s history with EUR 227 million sales
• Sales up 140% to EUR 519 million in first nine months
• EBIT Q1-Q3 rises to EUR 132 million
• EBIT margin Q1-Q3 improves to 25.4%
• SMA increases sales forecast for 2008 to EUR 650 to 690 million.

The SMA Solar Technology AG (SMA) financial report for the third quarter of 2008 has confirmed the results announced on November 5, 2008: SMA has once again recorded an extremely positive business performance. On account of the ongoing strong demand for SMA photovoltaic inverters in Germany and abroad, sales rose by 120% to EUR 226.7 million in the third quarter (previous year quarter: EUR 102.8 million). Consequently, SMA generated a 140% surge in sales to EUR 519.3 million in the first nine months of the fiscal year (previous year nine months: EUR 216.5 million). The international markets continued to make a key contribution to total sales. The international share of total sales in the first nine months was 42% (previous year nine months: 28%).

In the third quarter of 2008, earnings before interest and taxes (EBIT) amounted to EUR 63.1 million. Accordingly, SMA improved its EBIT in the reporting period January to September 2008 to EUR 131.8 million (previous year nine months: EUR 38.2 million). The EBIT margin rose to 25.4% (previous year nine months: 17.6%). The SMA Group's net profit for the period rose to EUR 93.9 million in the first nine months which equals an approx. quadrupling compared to the same period of the previous year (EUR 23.4 million). With 34.7 million shares outstanding as at the closing date September 30, 2008, SMA generated earnings per share in the reporting period of EUR 2.71.

“The strong demand for SMA inverters and the excellent quarterly results this has generated confirm our unique positioning as a technology leader for PV inverters. The 2008 fiscal year has seen our greatest sales volume yet, and an increase in our share of the market. Our increasing internationalisation has also been a contributory factor”, explains Günther Cramer, Spokesman of the Board of SMA Solar Technology AG. “Thanks to numerous innovations in systems engineering, we have taken a leading role in the PV sector from the word go and have helped shape the development of photovoltaics. Our products have for years been synonymous with reliability and simple installation at competitive prices. We will increase our lead in the field by stepping up research and development work and continue to bring new and innovative products onto the market.”

On the basis of the positive business performance in the third quarter, SMA management is increasing its sales forecast for fiscal 2008 to EUR 650.0 to 690.0 million. Management thus anticipates a doubling in total sales compared to the previous year. The EBIT margin is estimated to be 23% - 25%.

“Future development of the photovoltaic market is currently hard to predict. As a world market leader for PV inverters, SMA is closely dependant on the development of the PV market”, Cramer continues. “However, our great production flexibility, short delivery times, large share of the market and continuing, structured internationalisation put us in the best possible position for reacting to all developments on the markets. For 2009, we expect the photovoltaic market and thus also SMA to experience continuing growth.”

About SMA Solar Technology AG
SMA generated sales of EUR 327 million in 2007 and is thus worldwide market leader for photovoltaic inverters, a key component of all photovoltaic solar power plants. The SMA Group is based in Niestetal, near Kassel, and is represented by foreign subsidiaries in eight different countries on four continents. The Group employs a staff of over 2,600 (incl. temporary staff). SMA produces a broad range of inverters, offering the right inverter for every type of photovoltaic module in use and for all sizes of photovoltaic plant. The product range covers both inverters for photovoltaic plants connected to the grid and inverters for off-grid systems. The company has been listed on the Frankfurt Stock Exchange Prime Standard (S92) since June 27, 2008; since September 22, 2008 the company’s shares have listed on the TecDAX. In the past, SMA received a number of awards for its excellence as an employer.

Press contact:

SMA Solar Technology AG

Volker Wasgindt
Head of Media and Association Relations
Sonnenallee 1
34266 Niestetal
Germany
Tel.: +49 561 9522-11 21
Fax:+49 561 9522-11 03

Volker.Wasgindt@SMA.de

Investor Relations:
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Tel. +49 561 9522-22 22
Fax.+49 561 9522-11 03
ir@SMA.de

Link to financial report:
www.sma.de/ir/finanzberichte (German)
www.sma.de/ir/FinancialReports (English)

Disclaimer

This document contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words such as “expects,“ “looks forward to,“ “anticipates,“ “intends,“ “plans,” “believes,” “seeks,” “estimates,” “will,” “project” or words of similar meaning. Such statements are based on our current expectations and certain assumptions, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond SMA’s control, affect our operations, performance, business strategy and results and could cause the actual results, performance or achievements of SMA to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For us, particular uncertainties arise, among others, from changes in general economic and business conditions (including margin developments, the legal and regulatory framework, changes in currency exchange rates and interest rates.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. SMA does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.

The information contained herein is not for publication or distribution in the United States of America, Japan, Canada or Australia.

The Fairness Prize was awarded as part of a ceremony taking place on October 25, 2008, in the plenary hall at the IHK Frankfurt to Günther Cramer, Peter Drews, Pierre-Pascal Urbon and Reiner Wettlaufer, members of the Management Board at SMA. In his laudation, Dr. Norbert Kluge, expert on corporate governance and employee participation and the European Labor Union Institute in Brussels, recognized the commitment of the Managing Board: "Being fair means to show respectful and appropriate behavior, as well as a just and honest attitude toward other people. This leads to mutual trust.", said Kluge. In the case of SMA this is not only a moral pretense. It is reality. The founders of SMA can be very proud of this."
"The Fairness Prize is a confirmation to us all that we have taken the right path. Not only is cooperative business management a lived experience of fairness; it also makes possible to have joy at work and business success, and this in highly dynamic markets as well.", explains Günther Cramer, CEO of SMA Solar Technology AG. "Such a business structure can be only advocated, not prescribed. More than that, it needs critical and active employees who deliver their contributions to such a structure. In this way, this award is also a distinction for all our co-workers."

About the Fairness Foundation
The Fairness Foundation is committed to an increase in the consciousness of fairness in the economy and society, and it procures competency in fairness in enterprises and organizations. One cannot apply for the German Fairness Prize, which the Foundation awards each year. Instead, the award is based on formal recommendations and research by the Foundation and decided by the Foundation Trust.

• Sales up 157% to EUR 292.6 million

• EBIT more than quadrupled to EUR 68.7 million

• Net profit for the period already exceeds earnings for 2007 as a whole

• Positive outlook for year as a whole: sales revenue growth from 80% to 100% as against 2007 with an EBIT margin of around 23%

In the first half of 2008, SMA Solar Technology AG (FWB: S92) recorded highly positive business performance and generated a significant surge in sales and earnings compared to the previous year. On account of the strong demand for SMA photovoltaic inverters in Germany and abroad, sales rose by 157% in the first six months to EUR 292.6 million (previous year: EUR 113.7 million). The second quarter made a key contribution towards this growth with sales of EUR 177.4 million. The international markets continued to gain in significance for SMA during the first half of the year with a strong rise in sales of around 350% to EUR 142.4 million (previous year: EUR 31.2 million). The international share of total income rose considerably in the first half of the year to 47% (previous year: 27%).

SMA improved its earnings before interest and taxes (EBIT) in the reporting period to EUR 68.7 million (previous year: EUR 14.2 million) – four times the figure for the first half of 2007. The EBIT margin rose to 23.5% (previous year: 12.5%). The Company generated around two-thirds of this EBIT in the second quarter (EUR 44.4 million). The SMA Group's net profit for the period rose to EUR 48.2 million in the first six months – a level already higher than the profit for the whole of 2007 (EUR 36.8 million). With 34.7 million shares outstanding as at the closing date June 30, 2008, SMA generated earnings per share in the reporting period of EUR 1.39.
The extremely positive business performance led to a strong rise in cash flow from operating activities to EUR 71.9 million (previous year: EUR 0 million). Cash flow from investing activities was dominated by investments of EUR 30.6 million in property, plant and equipment. Investments focused on the construction of new production facilities for photovoltaic inverters in Kassel, which are scheduled to commence operations at the start of 2009. The Company did not receive the net issue proceeds of EUR 121.1 million from the successful IPO until after June 30, 2008 and will therefore report these funds as cash flow from financing activities in the third quarter.

"Our inverters – the technology leaders – are highly sought after in Germany and internationally. In the first half-year, we more than tripled the inverter output sold to 895 MW as against the same period of 2007. We are profiting from the fact that we are the world's only manufacturer to offer photovoltaic inverters for all types of applications, all types of solar module and all performance ranges," said Günther Cramer, CEO of SMA. "In the last few months we have launched two new inverters, including the new generation of the Sunny Boy 5000TL. The Sunny Boy 5000TL is distinguished by a range of innovations that result in a reduced price and much simpler installation. We are also working hard to push ahead with further product innovations that will allow us to further extend our technology leadership and make our photovoltaic systems even more cost efficient."

SMA Solar Technology AG is optimistic for fiscal 2008 as a whole and is also forecasting further strong demand for photovoltaic inverters. SMA is anticipating sales revenue for the whole year of between EUR 580 million and EUR 640 million, a rise of around 80% or 100% from the previous year. The EBIT margin is expected to be on par with the half-year level.

About SMA Solar Technology AG:
With sales of EUR 327 million, SMA is the world market leader for photovoltaic inverters, a central component in any solar power system. SMA's head office is located in Niestetal near Kassel. It is represented by international subsidiaries on four continents in eight countries. The Group employs more than 2,500 people (including temporary workers). SMA produces a broad range of types of inverters, offering the right type of inverter for every type of photovoltaic module in use and every rating of photovoltaic systems. The product range includes both inverters for grid-connected photovoltaic systems and isolated systems. SMA has been listed in the Prime Standard of the Frankfurt stock exchange since June 27, 2008 (S92).

The information contained herein is not for publication or distribution in the United States of America, Japan, Canada or Australia.

Press contact:
SMA Solar Technology AG

Volker Wasgindt
Head of Press and Association Work
Sonnenallee 1
34266 Niestetal
Germany
Tel. +49 561 9522-11 21
Fax.+49 561 9522-11 03
Volker.Wasgindt@SMA.de

Investor Relations:
Hotline: +49 561 9522-22 22
Fax.+49 561 9522-11 03
ir@sma.de


Claudine Schaetzle
Tel. +49 69 920 37 -185