SMA holds the line in Q3, but acknowledges tough times ahead

SMA Solar, Europe’s most valuable PV manufacturer, warned that despite holding its ground financially in 2012, it faces steep challenges in the years ahead as PV demand swings to less penetrable markets abroad.

SMA remains profitable, unlike nearly all cell and module producers, hauling in a net profit of €81m ($103m) during the first three quarters of the year, compared to €126.4m in the corresponding period in 2011. Sales through the first nine months were essentially flat on last year, at €1.2bn ($1.5bn).

Acknowledging that global revenues for makers of PV inverters – of which SMA is the leader – are likely to stagnate or fall next year on sharper competition, SMA is focused intensely on developing products targeting the post-shakeout period of…

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