SMA Solar Technology AG reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was EUR 367.18 million compared to EUR 220.56 million a year ago. Net income was EUR 51.69 million compared to EUR 2.96 million a year ago.

Basic earnings per share from continuing operations was EUR 1.49 compared to EUR 0.09 a year ago. Diluted earnings per share from continuing operations was EUR 1.49 compared to EUR 0.09 a year ago.