FRANKFURT, March 30 SMA Solar, Germany's largest
solar group, is holding on to its cash pile to cope with an
eventual downturn of the industry, its finance chief said,
adding takeovers were not on the agenda after the group
presented full-year results.
"We are preparing for eventually difficult times," Ulrich
Hadding told journalists at its annual press conference,
pointing to the group's operating cash flow of 148 million euros
($159 million) at the end of 2016, up 44 percent on the year.
($1 = 0.9314 euros)
(Reporting by Christoph Steitz; Editing by Arno Schuetze)