EQS-News: SMA initiates company-wide restructuring and transformation program
Source: EQS
SMA initiates company-wide restructuring and transformation program Against the backdrop of a persistently challenging market environment, the Managing Board of At the same time, the Managing Board is aiming to realise cost savings of an estimated In the restructuring and transformation program, measures are to be developed for the following areas of action: (1) optimisation of the company's cost structure, (2) adjustment of the organisational and operational structure, and (3) strategic repositioning of the company on the market. ‘We are convinced that the future belongs to renewable energies. To ensure that SMA can continue to be an integral part of the global energy transition, we must now position ourselves better and fit for the future,’ says SMA CEO Jürgen Reinert. ‘With the restructuring and transformation program that has now been initiated, we will stabilise SMA financially in the short term on the one hand and realign the medium and long-term business strategy on the other. However, this will require considerable cost savings, which will also make job cuts likely. We will carefully discuss the steps necessary for this in the coming weeks in cooperation with the representatives of employee co-determination.’ The program will help the company to grow profitably, even in a market environment that remains volatile. ‘By initiating this comprehensive restructuring and transformation programme, the Supervisory Board and Managing Board have taken an important step towards improving SMA's ability to act,’ added SMA Chief Financial Officer About SMA As a leading global specialist in photovoltaic and storage system technology, the Sonnenallee 1 34266 Niestetal
Press Contact: Tel. +49 561 9522-421414
Investor Relations Contact: Tel. +49 151 277 658 25
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of
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Language: | English |
Company: | |
Sonnenallee 1 | |
34266 Niestetal | |
Phone: | +49 (0)561 / 9522 - 0 |
Fax: | +49 (0)561 / 9522 - 100 |
E-mail: | info@sma.de |
Internet: | http://www.sma.de |
ISIN: | DE000A0DJ6J9 |
WKN: | A0DJ6J |
Indices: | SDAX, TecDAX |
Listed: | Regulated Market in |
EQS News ID: | 1995835 |
End of News |
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1995835 25.09.2024 CET/CEST