(ADPnews) - Sep 15, 2010 - German solar-tech company SMA Solar (ETR:S92) said today it had raised its outlook for the full 2010.
The company sees sales of between EUR 1.7 billion (USD 2.2bn) and EUR 1.9 billion and an operating margin of between 26.5% and 28.5% in 2010. SMA Solar's previously projected sales of EUR 1.5 billion to EUR 1.8 billion and an operating margin of 24% to 27%.
In 2010 SMA Solar expects the volume of newly installed photovoltaic (PV) power to add up to 17 GW. Therefore, its market share is seen at above 40%.
The company also announced its forecast for the upcoming year. It expects sales of between EUR 1.5 billion and EUR 1.9 billion and an operating margin of 21% to 25% in 2011.