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SMA Solar's €16M Loss Sparks 1,100 Job Cuts

3/6/2025

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Summary

Story summary

SMA Solar faced a staggering EBITDA loss of -€16 million in 2024, a sharp drop from €311 million the previous year, as sales plummeted 19.7% to €1,530 million due to waning demand in small-scale solar markets. To navigate this downturn, the company is set to lay off 1,100 employees and restructure its divisions by 2025, seeking to restore profitability and streamline operations.

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Story summary

SMA Solar faced a staggering EBITDA loss of -€16 million in 2024, a sharp drop from €311 million the previous year, as sales plummeted 19.7% to €1,530 million due to waning demand in small-scale solar markets. To navigate this downturn, the company is set to lay off 1,100 employees and restructure its divisions by 2025, seeking to restore profitability and streamline operations.