Meyer Burger beats revenue guidance for 2017

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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

Premium
June 9, 2025
N-type polysilicon prices have dropped to RMB34,000/ton as the project installation rush ends, putting cost pressure on the industrial chain.
June 9, 2025
Saatvik Solar, a unit of Saatvik Green Energy Limited (SGEL), is building a 4.8GW solar cell and 4GW module manufacturing facility in Ganjam district of Odisha.
June 9, 2025
Growing political headwinds threaten to dent US solar manufacturing and project deployment, despite a strong start to 2025.
June 5, 2025
Solar manufacturer Involt Energy has broken ground on its first solar cell manufacturing plant in the western Indian state of Gujarat, with an initial annual nameplate capacity of 1.78GW. 
June 5, 2025
Indian solar module manufacturer Vikram Solar has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) and raise capital through the public markets.
June 4, 2025
Chinese PV module manufacturer Haitai Solar has announced the termination of a 10GW TOPCon and the reallocation of investment to fund an Indonesian facility.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece