Brief: SMA Says Restructuring Expenditures Estimated At €100 Mln To €140 Mln

Sma Solar Technology AG

13/11/2024 21:30

Nov 13 (Reuters) - SMA Solar Technology AG  S92G.DE :
    * EQS-ADHOC: SMA REDUCES SALES AND EARNINGS GUIDANCE DUE TO
SUSTAINED MARKET SLOWDOWN IN THE HOME AND C&I SEGMENTS AS WELL
AS THE RESTRUCTURING AND TRANSFORMATION PROGRAM
    * SMA SOLAR TECHNOLOGY AG - RESTRUCTURING EXPENDITURES
ESTIMATED
AT €100 MILLION TO €140 MILLION
    * SMA SOLAR TECHNOLOGY AG - COST SAVINGS OF €150 MILLION TO
€200
MILLION TO RESULT IN 1,100 JOB CUTS

Source text:  ID:nEQy8sN7a 
Further company coverage:  S92G.DE 

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