An agreement has been signed with D. E. Shaw Renewable Investments (DESRI) for the supply of at least 3.75 gigawatts (GW) of solar modules. A potential capital measure to finance the accelerated expansion to approximately 3 GW in connection with the agreement with DESRI, to be launched in the next months, is being prepared. Results for the first half of 2022 reflect the successful establishment of the company in the market for premium solar modules, as well as the ramp-up of existing production capacity and its ongoing expansion. Thanks to the new business model, sales increased to CHF 56.7 million in the first half of 2022. The company generated EBITDA of CHF -24.4 million (H1 2021: CHF -30.9 million) and achieved a result of CHF -41.0 million (H1 2021: CHF -37.2 million). Total assets amount to CHF 510.7 million (December 31, 2021: CHF 492.7 million) with an equity ratio of 43.1% (December 31, 2021: 53.0%). The cash position amounts to CHF 185.8 million (December 31, 2021: CHF 246.8 million).
Contacts:
Meyer Burger Technology AGDynamics Group AGDana RitzmannAndreas DurischCorporate CommunicationsSenior PartnerM. +49 152 2266 2905T. +41 43 268 27 47 M. +41 79 358 87 32dana.ritzmann@meyerburger.comadu@dynamicsgroup.chEnd of Inside InformationLanguage: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:1422867
End of AnnouncementEQS News Service
