Vidar's questions to SMTGF leadership • Q1 2025
Question
Asked about the U.S. tariff assumptions embedded in the company's guidance and whether they are lowering prices to compensate for tariffs paid by importers.
Answer
The guidance is based on their most likely scenario. The main concern is the indirect effect of high tariffs on modules and batteries making projects uneconomical, rather than direct tariffs on their inverters. They are in project-specific discussions with customers about sharing any potential tariff costs.