SMA Solar Technology AG (SMTGF.PK) posted a significant drop in 2012 consolidated net profit to 75.1 million euros, from last year's 166.1 million euros. Earnings before interest and taxes or EBIT totaled 102 million euros in 2012, down significantly from 240.3 million euros in 2011.
Sales for the recent year stood at 1.5 billion euros, compared with 1.7 billion euros a year back.
Further, the SMA Managing Board confirmed its sales and earnings guidance for SMA, including Zeversolar for 2013. It anticipates sales of 0.9 billion euros - 1.3 billion euros and a break-even result in the best scenario. Nonetheless, the Managing Board cannot exclude the possibility of a loss.
In addition, the Managing Board would recommend that the Supervisory Board propose a dividend payout of 0.60 euros per share at the annual general meeting on May 23, 2013.
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