Meyer Burger improved loss in 2018
Post date: 21/03/2019 - 20:12
Meyer Burger Technology AG achieved net sales in 2018 of CHF 407.0 million ($408 million) compared to CHF 473.3 million ($474 million) in 2017. According to the company, the divestment of the Solar Systems business to 3S Solar Plus AG in June 2018 had a negative effect of about CHF 10.2 million, compensated by positive currency effects of CHF 15.2 million. On a comparable basis, the continuing business declined by CHF 71.3 million or 15 percent in 2018. The financial net result was CHF -9.8 million (2017: CHF -10.3 million). Meyer Burger achieved incoming orders of CHF 326.8 million in 2018 (2017: CHF 560.7 million).
Furthermore, the company announced that Daniel Lippuner, COO, will leave the Executive Board by the end of June 2019. The Board will be resized from five to four members.