Meyer Burger receives two important contracts valued at over CHF 22 million, releases unaudited key financial data for fiscal year 2015
Meyer Burger Technology Ltd today announced the successful conclusion of two important contracts with a combined volume of over CHF 22 million with existing photovoltaic customers in Asia. Meyer Burger also reports unaudited net sales of CHF 323.6 million, incoming orders of CHF 418.9 million for 2015 and order backlog of CHF 257.5 million as of 31 December 2015.A leading Asian manufacturer of monocrystalline solar wafers has selected Meyer Burger’s (SIX Swiss Exchange: MBTN) high precision water based DW 288 diamond wire cutting technology for its production of solar wafers for high performance cells. In addition, a second contract for the delivery of Meyer Burger’s industrially proven MAiA 2.1 equipment with MB PERC technology has been signed with a major solar cell manufacturer in Asia. The order volume of these contracts, which are recorded for January 2016, amounts to over CHF 22 million and delivery of all equipment to both customers is scheduled throughout the first half of 2016.
Strong incoming orders and order backlog in FY 2015
Meyer Burger reached total incoming orders of CHF 418.9 million in fiscal year 2015, representing an increase of 28.5% compared to the previous year period (FY 2014: CHF 326.0 million). Furthermore, its order backlog was at CHF 257.5 million as of 31 December 2015 which is an increase of 35.5% compared to the previous year (31.12.2014: CHF 190.1 million). The strong trend in incoming orders seen during 2015 reflects the improvement in investment behavior by customers and the increased technology demand to further improve solar cell production lines with new and upgrade technologies.
Net sales for 2015 amounted to CHF 323.6 million based on preliminary unaudited results. As announced in November 2015, for certain projects the final acceptance by customers for a number of machines and systems was delayed into 2016. Net sales and profit contributions from these orders where delayed acceptances occurred, will be realized during 2016.
Further details on the financial statements for 2015 as well as the annual report 2015 will be published on 22 March 2016.
For further information, please contact:
Financial queries:
Michel Hirschi
Chief Financial Officer
Phone +41 33 221 28 00
ir@meyerburger.com
Media queries:
Werner Buchholz
Head of Corporate Communications
Phone +41 33 221 25 06
werner.buchholz@meyerburger.com
Ingrid Carstensen
Corporate Communications
Phone +41 33 221 28 34
ingrid.carstensen@meyerburger.com
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger is a leading global technology company specialising on innovative systems and processes based on semiconductor technologies. The company’s focus is on photovoltaics (solar industry) while its competencies and technologies also cover important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. The company currently employs about 1,600 people across three continents. Over the past ten years, Meyer Burger has risen to the forefront of the photovoltaic market and established itself as an international premium brand by offering superior precision products and innovative technologies.
Meyer Burger’s offering in systems, production equipment and services along the photovoltaic value chain includes the manufacturing processes for wafers, solar cells, solar modules and solar systems. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on the entire value chain.
The company’s comprehensive product portfolio is complemented by a worldwide service network with spare parts, consumables, process know-how, customer support, after-sales services, training and other services. Meyer Burger is represented in Europe, Asia and North America in the respective key markets and has subsidiaries and own service centres in China, Germany, India, Japan, Korea, Malaysia, the Netherlands, Switzerland, Singapore, Taiwan and the USA. The company is also working intensively to develop new markets such as South America, Africa and the Arab region. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).
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This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
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