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 [...] applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of more than

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 [...] applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA solar inverters installed worldwide in

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 [...] applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of more than

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 [...] were looking for fossil fuel reduction and at the same time for a solution with both very low maintenance and also stand-alone operation,” Fred Cuvalay, CEO of STUCO, summarized the technical challenges

and earnings growth during the current fiscal year.” The SMA Annual Report 2020 is available online at www.SMA.de/IR/FinancialReports . About SMA As a leading global specialist in photovoltaic system technology [...] 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 [...] customer prepayments were back to normal levels. The equity ratio increased to 41.8% at the end of the reporting year (2019: 37.6%). In addition, SMA has a credit line of €100 million from domestic banks. Based

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 [...] applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of more than

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 [...] applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of more than

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 [...] applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of more than

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 [...] applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of approximately

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 [...] applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA’s range. SMA inverters with a total output of more than