NIESTETAL (dpa-AFX) - The shareholders of SMA Solar Technology AG (SMTGF.PK) granted full discharge to the Managing Board and Supervisory Board for the 2015 fiscal year with a clear majority of over 99% at today's Annual General Meeting 2016 in Kassel. The remaining agenda items also received the majority approval of the Annual General Meeting.
The Annual General Meeting approved the payout of a dividend of EUR 0.14 per qualifying bearer share for the 2015 fiscal year.
In his speech, SMA CEO Pierre-Pascal Urbon criticized the intended amendment to the Renewable Energy Sources Act (EEG) by the German Federal Government and the plans the German Federal Ministry of Finance has for taxing self-consumption of solar power. He called on the German Federal Ministry of Finance to remove the bureaucratic constraints on the bidding process for PV systems on building walls and roofs and to develop a plan to ensure that the photovoltaic expansion target set by politicians is achieved this year.
The SMA Managing Board is adhering to its sales and earnings forecast for the 2016 fiscal year. This forecast anticipates sales of EUR950 million to EUR 1.050 billion and a significant increase in EBIT to between EUR80 million and EUR120 million.
Copyright RTT News/dpa-AFX