FRANKFURT, Oct 18 (Reuters) - SMA Solar Technology on Thursday said it expects a severe decline in sales and that it may even post a loss in 2013, blaming subsidy cuts in photovoltaics and a steep downturn in Europe.
The company said in a statement it expects 2013 sales to be between 900 million euros ($1.18 billion) and 1.3 billion euros, achieving a break-even operating result at best, and did not rule out a loss.
For 2012, the company expects sales of between 1.3 and 1.5 billion euros.
The company further said it will cut 450 employees world-wide and stop using 600 temporary staff.
The managing board said it expects a return to profitability from 2014.
$1 = 0.7638 euros Reporting By Edward Taylor