Meyer Burger Announces Preliminary Financial Information for Fiscal Year 2017

Meyer Burger Technology Ltd announced preliminary unaudited results for fiscal year 2017. Total incoming orders reached about CHF 560 million ($560 million), representing by far the highest level in incoming orders for the past six years and an increase of 23% compared to the previous year (2016: CHF 455.6 million). The order backlog was at about CHF 343 million as of Dec. 31, 2017, which is an increase of 40% compared to the previous year and provides the company with a solid starting position for the new fiscal year 2018.
 
Net sales for 2017 amounted to about CHF 473 million, up 4% compared to fiscal year 2016, thereby exceeding Meyer Burger’s previous guidance of CHF 440-460 million. At this point in time, Meyer Burger maintains its previous EBITDA guidance at CHF 5-15 million (2016: CHF 10.5 million). A slight reduction of the net loss is also expected for fiscal year 2017 (2016: CHF -97.1 million).