Q3 2022 SMA Solar Technology AG Earnings Call Transcript
After the presentation, I will be happy to answer your questions.
So let me start with a summary of the key financials. As already stated in our H1 call in August, we see gradual improvements in the supply situation in our segments, Home Solutions and C&I Solutions. Our total revenues were only a bit below last year's level due to shifts in our large-scale project pipeline. Profitability was in line with the first 3 quarters of last year, but benefited from a positive one-time effect, which I would explain later in more detail.
As you can see in the table below, right of this slide, while Q3 sales remain on Q2 level, but with Home Solutions and C&I Solutions, clearly above Q1 and Q2. This is mainly driven by improvements in the supply situation starting last quarter.
Now let's please turn to the next slide, and I will provide you with insights regarding our sales performance. As explained, the slight sales decline year-on-year was due to further project shifts in our
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