on SMA Solar Technology AG (isin : DE000A0DJ6J9)
SMA Solar Technology AG Announces Restructuring and Transformation Program
SMA Solar Technology AG has unveiled a restructuring and transformation program in response to ongoing market challenges. The company, headquartered in Niestetal, Germany, is grappling with high inventories in its Home Solutions and Commercial & Industrial Solutions segments. However, the Large Scale & Project Solutions segment is performing as planned.
The Managing Board aims to enhance efficiency and achieve cost savings between EUR 150 million and EUR 200 million. Key measures discussed include optimizing the company’s cost structure, adjusting the organizational structure, and strategically repositioning the company within the market.
SMA Solar Technology AG believes these steps will ensure profitable growth even in a volatile market environment. Any significant impact on sales and earnings guidance for the current financial year will be communicated promptly.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all SMA Solar Technology AG news