* Says expects Q3 sales of 330-360 mln euros
* Says expects Q3 EBIT of 20-35 mln euros
* Shares down 1.2 pct
(Adds details, background)
FRANKFURT, Sept 26 SMA Solar,
Germany's largest solar company, warned of a plunge in
third-quarter sales and earnings, in line with analysts'
expectations, as the solar power industry struggles with falling
"The distinct changes in subsidy conditions in important
European photovoltaic markets were already having an impact on
demand for our inverters in the third quarter," Chief Executive
Pierre-Pascal Urbon said on Wednesday.
Third-quarter sales for the July-September period are
expected to reach 330-360 million euros ($428-467 million), the
group said in presentations to investors, in line with the 352
million euros estimate collated by Thomson Reuters StarMine.
Earnings before interest and tax (EBIT) for the period are
seen at 20-35 million euros, in line with the 31 million
In the same period last year, the group posted sales of 477
million euros and operating earnings of 75 million, but a drop
in solar subsidies in key markets including Germany has hit
solar groups around the world and led to a string of insolvency
SMA Solar - also the world's largest maker of solar
inverters - is scheduled to release third-quarter results for
the July-September period on Nov. 8.
At 0820 GMT, shares in the group were down 1.2 percent.
($1 = 0.7715 euros)
(Reporting by Christoph Steitz; Editing by Mark Potter)