Meyer Burger completes strategic transformation in the first half of 2021 and successfully launches solar module sales

 

Meyer Burger is fully sold out until well into the fourth quarter of 2021 with the orders on hand from Europe and the USA. The first projects in the segment for utility-scale and large industrial rooftop systems have been won. The first modules were shipped in July. Production is running in continuous shift operation, but full capacity has not yet been reached. Financing for an accelerated expansion of production capacity was secured, which will enable Meyer Burger to reach 1.4 GW of cell and module production capacity already by the end of 2022 and which will also enable the further expansion. As expected, the results of the first half of 2021 reflect the strategic realignment of the business model. With sales of CHF 18.0 million (H1 2020: CHF 51.0 million), the net result was CHF -37.2 million (H1 2020 adjusted: CHF -37.4 million). 

Contacts:

Meyer Burger Technology AGDynamics Group AGAnne SchneiderAndreas DurischHead Corporate CommunicationsSenior PartnerM. +49 174 349 17 90T. +41 43 268 27 47 M. +41 79 358 87 32anne.schneider@meyerburger.comadu@dynamicsgroup.ch
End of ad hoc announcementLanguage:EnglishCompany:Meyer Burger Technology AGSchorenstrasse 393645 GwattSwitzerlandPhone:+41 033 221 28 00E-mail:mbtinfo@meyerburger.comInternet:www.meyerburger.comISIN:CH0108503795Valor:A0YJZXListed:SIX Swiss ExchangeEQS News ID:1227540
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