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Meyer Burger announces preliminary financial information for the first half-year 2018 Donnerstag, 19. Juli 2018 - 06:30

MEYER BURGER ANNOUNCES PRELIMINARY FINANCIAL INFORMATION FOR THE FIRST HALF-YEAR 2018

07/19/2018

 

Meyer Burger an­nounces pre­lim­i­nary fi­nan­cial in­for­ma­tion for the first half-year 2018

 

 

Meyer Burger Tech­nol­ogy Ltd (SIX Swiss Ex­change: MBTN) today an­nounced pre­lim­i­nary unau­dited re­sults for the first half-year 2018. Net sales for the first half of 2018 are ex­pected to amount to CHF 232 mil­lion, rep­re­sent­ing an in­crease of over 9% (H1 2017 CHF 212.3 mil­lion). In terms of EBITDA, the pos­i­tive re­sult has more than quadru­pled com­pared to the pre­vi­ous year pe­riod and reached about CHF 28 mil­lion (H1 2017 CHF 6.9 mil­lion).

 

Meyer Burger ex­pects a profit in a range of CHF 7 - 8 mil­lion at the net earn­ings level. Thus, the com­pany has reached a prof­itable level again in the first half-year 2018 after a long pe­riod of losses (H1 2017 net loss of CHF -17.0 mil­lion). 

 

Over the past months, the mar­ket en­vi­ron­ment for PV equip­ment sup­pli­ers was heav­ily in­flu­enced by the in­ten­si­fy­ing trade cri­sis be­tween the USA and China which in­cluded new im­port tar­iffs on PV mod­ules and cells, as well as the Chi­nese gov­ern­ment’s an­nounce­ment re­gard­ing sub­sidy cuts in the solar in­dus­try. Both facts have led to a mo­men­tary strong re­luc­tance re­gard­ing new in­vest­ments on be­half of Meyer Burger’s PV cus­tomers. Meyer Burger achieved total in­com­ing or­ders of about CHF 138 mil­lion in this dif­fi­cult mar­ket en­vi­ron­ment (H1 2017 CHF 308.5 mil­lion). The com­pany is con­vinced that the long-term growth sce­nario for the PV in­dus­try re­mains in­tact and that its tech­no­log­i­cally ad­vanced prod­uct port­fo­lio and tech­nol­ogy lead­er­ship po­si­tion pro­vide a sound basis to cap­ture fu­ture growth op­por­tu­ni­ties.    

 

The half-year re­port 2018 and fur­ther de­tails on the fi­nan­cial state­ments as well as an ex­pec­ta­tion re­gard­ing the sec­ond half-year and full fis­cal year 2018 will be pub­lished on 16 Au­gust 2018.  

 

 

Con­tacts:

In­grid Carstensen

Head of Cor­po­rate Com­mu­ni­ca­tions

Phone: +41 (0)33 221 28 34

in­grid.​carstensen@​meyerburger.​com

 

Ste­fan Diepen­brock

Cor­po­rate Com­mu­ni­ca­tions

Phone: +41 (0)33 221 27 85

ste­fan.​diepenbrock@​meyerburger.​com

 

 

 

PRESS RELEASE (77.47 KB)

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This press re­lease may con­tain “for­ward-look­ing state­ments”, such as guid­ance, ex­pec­ta­tions, plans, in­ten­tions, or strate­gies re­gard­ing the fu­ture. These for­ward-look­ing state­ments are sub­ject to risks and un­cer­tain­ties. The reader is cau­tioned that ac­tual fu­ture re­sults may dif­fer from those ex­pressed in or im­plied by the state­ments, which con­sti­tute pro­jec­tions of pos­si­ble de­vel­op­ments. All for­ward-look­ing state­ments in­cluded in this press re­lease are based on data avail­able to Meyer Burger Tech­nol­ogy Ltd as of the date that this press re­lease is pub­lished. The Com­pany does not un­der­take any oblig­a­tion to up­date any for­ward-look­ing state­ments con­tained in this press re­lease as a re­sult of new in­for­ma­tion, fu­ture events or oth­er­wise.