The report of the the PV inverters experts Power-One, fourth quarter revenue of $ 192 million, the modified target, but European sales fell 32 percent, forcing the company to adjust production plans to lay off three hundred people. As mentioned earlier, although the Asia-Pacific revenue also declined in Australia's third-quarter seasonal decline in the strong, but due to the modification of the feed-in tariff subsidies lead to lower-than-expected demand in Germany and Italy, which is the main reason for declining revenue. The company said that, based on the needs of the residential and commercial markets for the group of string inverter, sales in North America increased. 

The report of the Power-One grid tie inverter in the fourth quarter of 2012 shipments of 628MW, annual shipments to 3.6GW, representing a 23% increase over 2011.Renewable energy solutions sector sales of $ 123 million, operating loss of $ 8.5 million. 

However, the management to discuss quarterly results conference call that, in the beginning of the fourth quarter, the company laid off three hundred people, accounting for about 3% of its total number of employees, mainly from its manufacturing operations, reduced to "right size" "match changing demand environment. 

Due to the competitive environment, weak European demand also led to higher-than-expected decline in average sales price. The fourth quarter decline in average selling prices remained at a low level, and forecast double-digit decline in 2013. 
The company reported that fourth quarter gross margin was 13%, compared with a decline in the gross profit margin of 29% in the third quarter. 

From a geographical point of view, Europe, Middle East and Africa, 76% of the total revenue, of which 28% came from Italy, 17% from Germany, 31% from other regions. 9% of the total revenue in the Asia-Pacific, North America accounted for 15%. Although the restructuring, but the management of the Power-One, they estimated that the North American market in 2013 is expected to grow by more than 40%, due to the large commercial and utility-scale industry remains strong. The company claims that the residential string wind inverter accounts for about 20% of the market share, but accounted for less than 10% of the overall market. 

Management also stressed that the Chinese market, the continuous development of utility scale sector driven. Pointed out that it will be concern the EPC and public utility companies, the establishment of the company's business in China through a partnership with Phono Solar (PhonoSolar), Power-One. The company also forecast the creation of a strategic alliance in order to enter the market in 2013 in Japan. 

(RichardThompson), Richard Thompson, president and chief executive officer of Power-One, said: "In India, the government continued to provide solar energy policy to support, estimated that in 2013, the solar installation project will almost doubling in India, 2012 years disappointing for us, especially considering that the initial success we have achieved in 2011. " 

Management said its forecast that the European market in 2013, or a decline of about 24%, fell to 12,000 MW-13, 500MW in 2012 to 16,800 MW. 

German market is estimated to be in the range of 4,200 MW-4, 800MW of, down 42% compared to 2012. However, in 2013, it is estimated that the Italian market will decline up to 49%, PV installed capacity is estimated at 1,800 MW-2, 200MW of range.