Friday, October 19, 2012

Reuters: Global Markets: SMA Solar shares seen plunging on potential 2013 loss

Reuters: Global Markets
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SMA Solar shares seen plunging on potential 2013 loss
Oct 19th 2012, 05:40

FRANKFURT | Fri Oct 19, 2012 1:40am EDT

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.

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

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