Photovoltaic industry: Meyer Burger revises net sales and EBITDA targets for 2015

Thun, Switzerland - Meyer Burger Technology Ltd announced the continuing positive trend in incoming orders.

The volume of new orders reached CHF 367 million as of the end of October 2015, representing an increase of 44% compared to the first ten month period of 2014 (31 October 2014: CHF 254 million). This strong increase in incoming orders is mainly due to various large and mid-sized orders for photovoltaic systems and solutions. The increased project activities in the PV area are clear signs for an improvement in investment behaviour by customers and an increased technology demand to further improve solar cell production lines in terms of cell efficiency and performance capabilities with new technologies (Heterojunction, SmartWire Connection) or upgrade technologies (MB PERC, inspection and measurement systems). The production and delivery of manufactured systems and solutions on the part of Meyer Burger to its customers is also running according to plans.

However, due to project delays in certain larger existing customer projects, the final acceptance for a number of machines and systems by those customers will most likely not occur before year-end 2015 from today

Source: IWR Online, 17 Nov 2015