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Because of expected tool deliveries and customer acceptances by year's end, solar manufacturing equipment supplier Meyer Burger Technology Group has increased its guidance on net sales for fiscal year 2010. The company, which saw an increase in net sales of 67% to CHF356.9 million (US$363.1 million) during the first half of the year, has boosted its forecast on net sales for 2010, from the previously announced CHF730 million (US$742.7 million) to approximately CHF800 million (US$813.8 million)—nearly double the CHF420.9 million ($428 million) intake achieved in 2009.
The Swiss company said that order income from regions Asia and Europe remains very positive and as a result, current order backlog has topped CHF1 billion (US$1.02 billion) for the first time.
“For the solar industry, the financing situation has returned to normal again for various large projects, which will substantially increase manufacturing capacities at solar-cell producers in the years 2011-2013," said CFO Michel Hirschi. "Meyer Burger continues to succeed in concluding individual large orders in this environment. In addition, we also won important smaller customer orders. This altogether adds up to an excellent order backlog that gives us an ideal base for the start into fiscal year 2011.”
