SMA sees possible 2013 loss

German inverter-maker SMA Solar predicts a difficult year in 2013, including a potential loss, after seeing its profits plunge last year on increasing price pressure and tougher competition.

“2013 will be a tough year for the solar sector. The photovoltaic market is currently undergoing major changes,” says chief executive Pierre-Pascal Urbon. “However, we focused our corporate strategy on the future requirements of the energy sector at an early stage.”

With the development of innovative system technology and energy management solutions, cost-cutting efforts and an ongoing internationalisation, SMA is well positioned to take opportunities arising in international photovoltaic markets, Urbon says.

Despite those efforts, SMA’s managing board says it cannot exclude the possibility of a loss this year.

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