SMA Solar Technology AG (SMTGF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.706 -- 00:00:04.250 Thank you, operator, and welcome, everyone. 00:00:04.250 -- 00:00:08.936 We very much appreciate that you are taking the time for this investor and analyst call 00:00:08.936 -- 00:00:12.758 on our first quarter 2026 results. 00:00:13.160 -- 00:00:17.606 This conference call is scheduled for up to 60 minutes and will be recorded. 00:00:17.606 -- 00:00:19.067 After 00:00:19.067 -- 00:00:23.673 the management presentation, I will be happy to answer your questions. 00:00:23.673 -- 00:00:28.128 Today's presentation is available on our investor relations website. 00:00:28.128 -- 00:00:34.232 The replay will also be available on the IR website shortly. 00:00:34.435 -- 00:00:40.161 Our agenda for today. First, I will review our Q1 figures. 00:00:40.161 -- 00:00:46.187 Then, we will take a look at the number of external factors currently affecting our business, 00:00:46.187 -- 00:00:50.912 one of our latest highlight projects, as well as our current order backlog and outlook 00:00:50.912 -- 00:00:54.456 for the 2026 financial year. 00:00:54.456 -- 00:00:58.891 I expect the presentation part to last about 30 minutes. 00:00:58.891 -- 00:01:02.515 I refer to our disclaimer on page two. 00:01:02.515 -- 00:01:08.299 But let's move to page four, financial highlights for the first quarter 2026. 00:01:08.801 -- 00:01:11.344 Group sales with 341 00:01:11.344 -- 00:01:15.548 million euros were 4% above last year's quarter. 00:01:15.548 -- 00:01:20.433 In the large scale and project solutions division, sales were stable compared to the 00:01:20.433 -- 00:01:25.538 previous year. The home and business solutions division increased sales 00:01:25.538 -- 00:01:27.678 by 27%. 00:01:28.692 -- 00:01:33.937 Reported group EBITDA increased to 26 million euros ...