SMA, which controls nearly 40% of the global market for PV inverters, saw its first-half sales rise to €815.8m ($1.04bn) from €247.1m last year.
The company, based near Kassel, Germany, posted an operating profit of €220m, compared to €35m during the same period last year. Its scoring profit margin of 27% makes it peerless among the PV sector today.
Despite chief executive Günther Cramer’s proclamation that 2010 is shaping up to be “the most successful year in SMA’s history”, the firm’s share price nevertheless retreated more than 5.5%
