SMA Solar Technology AG : Cautious stance maintained despite the restructuring plan announcement
>Announcement of a restructuring plan aimed at generating € 150-200m in cost savings - SMA announced that, given the still challenging market environment, it had decided to launch a restructuring and transformation programme aimed at boosting efficiency and focusing on strategy. With this programme, the company expects to generate cost savings that it estimates at between € 150m and € 200m. As part of this programme, measures are to be taken in the following fields: ...SMA Solar Technology is a holding company. Through its subsidiaries, Co. operates in five divisions: Medium Power Solutions, which distributes inverters, system solutions as well as products used for monitoring PV systems and energy management; Power Plant Solutions, which supplies central inverters and system solutions to PV plants; Service, which provides customers in Germany and abroad with support and after-sales services; Zeversolar, which serves the Chinese photovoltaic market and the budget market (low-price segment) in foreign markets; and Railway Technology, which manufactures converters as individual devices and energy supply systems for railway coaches.
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