2020 is the year of transformation from a supplier of production equipment to a technologically leading manufacturer of solar cells and solar modulesDue to the realignment, sales from the old business model declined to CHF 90.5 million, resulting in an EBITDA of CHF -44.6 million and an annual result of CHF -64.5 millionThe balance sheet structure was stabilized by the capital increase in 2020. The equity ratio is 87.5%, with a net cash position of CHF 139.7 millionBoth cell and module factories are planned to open on schedule at the end of MayHigh customer interest - the first framework agreements have been signed with major customersThe renowned creative agency Jung von Matt is developing a new premium brand strategy for Meyer Burger as a producer of highly efficient solar modulesThe build-up of a new sales and marketing organization is on trackThe market entry in the USA/Americas is accelerated, starting already in 2021. Ardes Johnson is appointed as President, Meyer Burger America, and Director Sales USA/Americas
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:1174764
End of AnnouncementEQS Group News Service
