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.
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