The board of troubled German inverter manufacturer SMA this morning (Friday) revealed it anticipates sales of €730-770 million ($828-873 million) this year. Having announced on Tuesday plans to shed a third of its workforce - 1,600 jobs, 1,300 of them in Germany - by the end of June, SMA today predicted a 2015 earnings before interest and taxes (EBIT) figure of €30-60 million ($34-68 million). The Niestetal-based inverter maker, still the world's largest by market share, had said it would reveal plans of a company restructure today but an announcement on the investor news section of the company website was light on details. SMA's board announced plans to cut costs by €160 million ($181 million), reducing its break-even point to less than €700 million ($794 million), by focusing 'on strategically important development projects', a 'reducing of the depth of added value' - what sounds like corporate speak for ...Den vollständigen Artikel lesen ...