Meyer Burger Technology Ltd (SIX Swiss Exchange: MTBN) prepares its consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS) for the first time in the current reporting year 2009. The results of the first half-year 2009 will be published on 3 September 2009. As a result of the change to IFRS the comparative information regarding the previous year period have also been adjusted.
The following tables reflect the adjustment effects and show the most important financial data regarding the balance sheet as of 31 December 2008 as well as the consolidated income statement and cash flow statement for the first half-year period in 2008.
Consolidated balance sheet
31.12.2008
in TCHF
IFRS
Swiss GAAP FER
Assets
Total current assets
284 651
285 069
Total long-term assets
114 124
105 193
Total assets
398 776
390 262
Liabilities and equity
Current liabilities
205 773
204 842
Non-current liabilities
67 286
38 275
Total liabilities
273 058
243 117
Total equity excl. minority interests
125 717
128 989
Total equity incl. minority interests
125 717
147 145
Total liabilities and equity
398 776
390 262
Consolidated income statement
1.1. – 30.6.2008
in TCHF
IFRS
Swiss GAAP FER
Net sales
192 694
201 084
Income
266 278
264 345
Gross profit
76 090
74 571
Earnings before interests, taxes, depreciation and amortisation (EBITDA)
30 088
29 041
Earnings before interests and taxes (EBIT)
19 696
17 346
Earnings before taxes (EBT)
15 553
13 930
Group earnings
11 633
12 494
Consolidated cash flow statement
1.1. – 30.6.2008
in TCHF
IFRS
Swiss GAAP FER
Cash flow from operating activities (operative cash flows)
20 745
21 653
Cash flow from investing activities
(42 421)
(42 581)
Cash flow from financing activities
13 021
13 182
The individual adjustment effects are described in detail in the Half-Year Report 2009. Publication of the Half-Year Report will take place on 3 September 2009.
Important dates 2009
3 September 2009 Publication of half-year results 2009
For further information please contact:
Investor Relations:
Michel Hirschi, CFO
+41 33 439 05 05, ir@meyerburger.ch
Media Relations:
Werner Buchholz, Head of Group Communications
+41 33 439 05 06, w.buchholz@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.ch
Meyer Burger Technology Ltd 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 in the group are used in the solar industry (photovoltaics), semi-conductor 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. The comprehensive range of products is complemented by a worldwide service network with wear and tear parts, consumables, re-grooving service, 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 Meyer Burger Ltd in Switzerland. The group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and AMB Apparate + Maschinenbau GmbH, have their headquarters and production facilities in Germany. The group also has subsidiaries and own service centres in Germany, Norway, China and Japan, which all are represented by its own staff on-site. In Taiwan and the USA, Meyer Burger works with independent sales and service partners that are part of Meyer Burger’s global service network. In other important countries the company relies on selected independent agents. Meyer Burger employed more than 630 staff worldwide as of year end 2008.
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