SMA
says
the
seismic
forces
reshaping
the
global
PV
business
mean
it
will
likely
record
sales
of
just
€900m-€1.3bn
($1.2bn-$1.7bn)
next
year
–
down
from
the
€1.3bn-€1.5bn
it
expects
to
bag
this
year.
“In
the
best-case
scenario,
we
expect
a
balanced
operating
result
for
2013,
says
chief
executive
Pierre-Pascal
Urbon.
“At
present,
we
cannot
exclude
the
possibility
of
a
loss.”
Shares
in
the
German
company
tumbled
more
than
15%
on
the
news
and
then
continued
downward
the
following
day,
leaving
it
with
a
market
capitalisation
of
about
€711m
by
mid-morning
today.
Shares
in
rival
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