The SMA Managing Board believes this is a reflection of the upward incline in the global solar industry that has occurred over the past few months.

Pierre-Pascal Urbon, Chief Executive Officer and Chief Financial Officer of SMA says: “The debate surrounding the expansion of photovoltaic (PV) energy has deeply unsettled end-customers in major solar markets and led to a reduction in their willingness to invest. However, the fundamental data for the solar industry has improved over the last few months.

“The broad social consensus that now surrounds the intensified expansion of PV energy, the favourable interest level and the significantly reduced specific costs of constructing a solar power plant, compared with the beginning of the year, are good conditions for a significant rise in global demand in the second half of the year,” Mr Urbon continues.

The SMA Managing Board confirms its sales and earnings guidance for the current fiscal year range between €1.5 billion ($AU 2.3 billion) and €1.9 billion ($AU 2.93 billion).

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SMA’s positioning in growing foreign markets is also reflected in the company’s export ratio. In the first six months of the year, SMA generated 56.3 per cent of its sales in countries outside Germany.