By .(JavaScript must be enabled to view this email address) - 07 February 2012, 11:32
In News, Materials, Finance

Meyer Burger 2011 sales reach CHF1.3 billion

Meyer Burger posted preliminary results inline with guidance of CHF1.3 billion, up approximately 45% for the prior year.

Financials

Major PV equipment supplier, Meyer Burger posted preliminary results inline with guidance. The company posted revenue of CHF1.3 billion, up approximately 45% for the prior year. Though the consolidation of Roth & Rau had only a small impact at the EBITDA level the losses at Roth & Rau in 2011 could negatively impact at the EBIT level, by as much as 10%.

According to Meyer Burger, the consolidation effects from the results of Roth & Rau on an EBIT level would amount to approximately CHF -110 million. On the level of Group Earnings, the company expects a substantially lower profit compared to the previous year.

Meyer Burger is expected to publish full-year results on March 22, 2012.

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Meyer Burger 2011 sales reach CHF1.3 billion

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