Due to the stagnating demand for photovoltaic systems, the board of directors of SMA Solar Technology AG has reduced its turnover and earnings forecast for 2014 and can no longer rule out a loss. For this reason, the company has announced a reduction in its workforce.
According to the new forecast, the board now expects a turnover between 850 and 950 million euros instead of the previously expected 1.0 to 1.3 billion euros. At best, SMA can now expect to break even. In the worst case scenario, it will have to deal with a loss of approximately 45 million euros.