October 19, 2012 / 5:41 AM / 5 years ago

SMA Solar shares seen plunging on potential 2013 loss

1 Min Read

FRANKFURT (Reuters) - Shares in SMA Solar (S92G.DE), Germany's top solar company, were indicated 14.4 percent lower in pre-market trading on Friday, after it said on Thursday it could not rule out an operating loss for next year, due to a global industry crisis.

The company also said it will cut 450 employees worldwide and stop using 600 temporary staff.

(Reporting by Christoph Steitz; Editing by Dan Lalor)

christoph.steitz@thomsonreuters.com; +49 69 7565 1269; Reuters Messaging: christoph.steitz.thomsonreuters.com@reuters.net

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below