Cut another 350 people! Old-brand Photovoltaic Enterprises Wield the Big Knife of Layoffs Again!

According to foreign media reports, on October 6, SMA Solar, a German solar inverter manufacturer, announced that by the end of 2026, it would lay off about 300 people in Germany and about 50 people in the international market .

It is worth noting that this is the second large-scale layoffs carried out by the company this year. Previously, SMA Solar had planned to lay off about 1100 people worldwide by the end of 2025, two-thirds of which would be in Germany . (For details, please click: Photovoltaic listed companies "self-exposure" laid off thousands of people. Huge wave of layoffs)

It is understood that," Previously, due to the continued weakness of the residential photovoltaic market , SMA Solar announced in September 2024 that it had launched a corporate restructuring plan. In order to save up to 1.

From the financial data, the total sales of SMA Solar in fiscal year 2024 is 15.3 euros . Decreased by 19.7% year on year ; EBITDA of -16 million euros ; Earnings before interest and tax (EBIT) were -93.1 million euros , while net income fell to -1.

Entering 2025, the market environment has not improved. In view of the continuing downturn in the household and commercial renewable energy installation market and the decline in sales, SMA Solar lowered its profit and sales forecast for 2025 in September .

SMA Solar expects earnings before interest, taxes, depreciation and amortization (EBITDA) to fall to a loss of 30 million to 80 million euros in fiscal year 2025. Previously, EBITDA was forecast to be 70 million to 80 million euros .

For its sales, the company expects to fall from 1.5 billion to 1.55 billion euros to 14.

In fact, in addition to large-scale layoffs, SMA Solar is stabilizing its residential business. Three major avenues for savings were also identified: "optimizing" R & D spending; expanding the use of its Indian base; and exiting low-margin markets. At the same time, SMA also plans to reduce vertical integration by outsourcing part of its production-expanding its production capacity in Poland, realizing the "internationalization" of its business, etc. Behind the

large-scale layoffs and optimized savings, SMA Solar is gradually withdrawing from Germany and looking for new markets. In contrast, in September 2025, SMA Solar announced that it would restart the production of inverters in the United States, which is the first time that the company has returned to the U.S. manufacturing market after a decade-long shutdown.