Dec 7, 2012 - German photovoltaic (PV) inverters maker Solutronic reported a loss amounting to half of its equity capital and is therefore calling an extraordinary general meeting (EGM) on January 17, 2013.
Although the company's revenue almost doubled to EUR 10.4 million (USD 13.4m) in 2012 from EUR 5.3 million a year earlier, the earnings have failed the company's own expectations.
However, the PV inverters maker plans to hold on to the measures for adjusting its structure to the current market situation. A concrete result is expected in 2013.
Solutronic is the second German solar company after Conergy AG (ETR:CGYK) to report a loss exceeding half of its own equity capital, PV magazine said today.