Meyer Burger beats revenue guidance for 2017

January 18, 2018
Facebook
Twitter
LinkedIn
Reddit
Email
The company reported that incoming orders reached around CHF 560 million (US$582.7 million in 2017, an increase of 23% compared to the previous year and its highest order intake for the past six years. Image: Meyer Burger

Leading solar PV manufacturing equipment supplier Meyer Burger has exceeded its revenue guidance as it discloses preliminary financial information for fiscal year 2017. 

The company reported net sales of CHF 473 million (US$492.2 million), exceeding guidance of sales in the range of CHF 440-460 million and up 4% year-on-year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Meyer Burger said that its previous EBITDA guidance at CHF 5-15 million (US$5.2-15.6 million was unchanged, while it expected a small reduction in its net loss for the year, compared to a net loss of CHF 97.1 million in 2016. The company has been undertaking a range of restructuring activities in 2017
 
The company reported that incoming orders reached around CHF 560 million (US$582.7 million in 2017, an increase of 23% compared to the previous year and its highest order intake for the past six years. 

Meyer Burger’s first half year financial results also reflected strong incoming orders, which reached CHF 308.5 million (US$316.6 million).

Order backlog was around CHF 343 million (US$356.9 million), up 40% compared to the previous year.

The company has been benefiting from a new wave of capacity expansions and a technology buy cycle, driven by a major migration to diamond wire and ‘Black Silicon’ texturing of P-type multicrystalline wafers, PERC (Passivated Emitter Rear Cell) technology and next-generation N-type heterojunction cell migration at a select number of PV manufacturers. 

PV Tech’s Finlay Colville recently highlighted that capital expenditures would remain strong in 2018. 

Meyer Burger plans to publish its 2017 annual report on 22 March 2018.

Read Next

October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 27, 2025
Waaree Energies has secured four solar module supply contracts totalling 692MW – three for projects in India and one in the US through its subsidiary.
October 27, 2025
Premier Energies has acquired a 51% stake each in transformer maker Transcon and inverter producer KSolare Energy. 
October 27, 2025
US solar technology company Swift Solar has deployed perovskite solar technology as part of a Department of Defence cyber warfare exercise in the state of Virginia.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.
Sponsored
October 22, 2025
LONGi vice president Dennis She discusses the value logic behind the company's strategic focus on back contact technology.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany