German solar manufacturer SMA 2013 loss narrows in Q1

Germany's largest solar companies, the world's largest inverter manufacturer SMA Solar announced a second consecutive quarterly loss and said it would cut more jobs, mainly due to free-falling prices and looming trade war has damaged solar sector profits.

In the first three months of degrees EBIT € 8.4 million, compared to operating profit of 42.8 million euros, a Reuters poll of analysts forecast loss 13 million euros.

SMA said: "The major European markets cut subsidies, still unresolved debt crisis and the EU may levy taxes on Chinese components and other factors on the demand for PV solar inverters had a negative impact." In addition, the company does not rule out the possibility of a loss this year sex. Last week, the European Commission agreed on Chinese solar panels impose punitive import tariffs, a move to prevent what it sees in Europe dumping cheap goods.

SMA is the world's largest manufacturer ofsolar inverters, that part is the electricity generated by solar panels into the grid of the key components. In the past four years, cell and module solar industry overcapacity led to a price crisis, Wuxi Suntech of bankruptcy proceedings and a business.

The crisis has eroded the SMA operating margins from 27% in 2010, before falling sharply last year's 7%. The company reiterated that it can not be ruled out this year or in an operating loss.