Meyer Burger continues to benefit from the very positive market environment in the solar industry and increases its guidance on net sales. For fiscal year 2010, Meyer Burger expects net sales to reach about CHF 800 million now. The increase is based on expected deliveries and sales recognition until the end of the current year.
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that it increases its guidance on net sales for fiscal year 2010. For the first half year of 2010, Meyer Burger achieved an increase in net sales of 67% to CHF 356.9 million. From today’s perspective, taking into account the expected deliveries and acceptances of machines by customers until the end of this year, the guidance on net sales for the entire year 2010 is increased from previously approximately CHF 730 million to approximately CHF 800 million (net sales achieved in the previous year CHF 420.9 million).
The order income from regions Asia and Europe remains very positive and as a result, Meyer Burger Group’s current order backlog has exceeded the level of CHF 1 billion for the first time. The fact that Meyer Burger benefits so much from the positive development in the solar industry is a confirmation of the company’s corporate strategy and its leading role as a Swiss Technology Group in photovoltaics.
Michel Hirschi, CFO of Meyer Burger Technology Ltd stated: “For the solar industry, the financing situation has returned to normal again for various large projects, which will substantially increase manufacturing capacities at solar cell producers in the years 2011-2013. Meyer Burger continues to succeed in concluding individual large orders in this environment. In addition, we also won important smaller customer orders. This altogether adds up to an excellent order backlog that gives us an ideal base for the start into fiscal year 2011.”
Further information
Werner Buchholz
Head of Corporate Communications
Tel +41 (0) 33 439 05 06
w.buchholz@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger is a leading and globally active technology group for innovative systems and processes for cutting and handling crystalline and other high-grade materials.
The machines, competences and technologies of the different companies within the group are used in the solar industry (photovoltaics), semiconductor and optical industry. The thinnest wafers made from silicon, sapphire or other crystals are required in these three markets to manufacture solar modules, switching circuits or high-performance LEDs. The group’s core competences are made up of a whole range of production processes, machines and systems that are used within the value chain in the manufacture of high quality wafers. Since the merger in January 2010 with 3S Industries Ltd, the worldwide leader in turnkey production lines and single equipment for the manufacturing of solar modules, the group also covers the entire value chain for solar module production and combines the key technologies of soldering, laminating and testing under one roof. Solar module manufacturers worldwide use the string soldering machines of Somont, the laminating lines of 3S and the testing technologies of Pasan, to produce solar modules whose performance, operating life and quality meet the highest demands. The group’s comprehensive range of products includes a worldwide service network with wear and tear parts, consumables, re-grooving services, process know-how, servicing, after-sales service, training and other services. As a globally active company, the group is represented in Europe, Asia and North America in the respective key markets.
Meyer Burger has its headquarters and the production facility of MB Wafertec (Meyer Burger Ltd) in Switzerland, while the group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and AMB Apparate + Maschinenbau GmbH have their headquarters and production facilities in Germany. Diamond Materials Tech, Inc. has its headquarters in Colorado Springs, CO, USA. The production facilities of 3S Modultec, 3S Photovoltaics and Pasan are also located in Switzerland, while Somont is located in Germany. Meyer Burger Group has also subsidiaries and own service centres in Germany, Norway, Spain, USA, China, Japan, Singapore, South Korea and Taiwan. In other important markets, the company relies on selected independent agents. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).
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