Meyer Berger delays H1 2024 results to October, reports falling sales figures in preliminary results

Facebook
Twitter
LinkedIn
Reddit
Email
Meyer Burger solar cells
Meyer Burger’s latest financial figures include total sales of CHF48.7 million (US$57.8 million) and module sales of CHF43.4 million (US$51.5 million). Image: Meyer Burger.

Swiss PV manufacturer Meyer Burger has published its preliminary financial results for the first half of the year, which include total sales of CHF48.7 million (US$57.8 million) and module sales of CHF43.4 million (US$51.5 million).

The company also noted that it had cash and cash equivalents of CHF158.6 million (US$188.2 million) in the first six months of 2024. As these are just preliminary financial results, these are the only metrics the company has released, but are ominous reading for the company; its latest sales figure, for instance, is the second consecutive six-month period which has seen its sales fail to exceed US$60 million, after doing so in both of the previous six-month periods.

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

The company’s sales and cash and cash equivalents are also lower than the previous two six-month periods to begin the year, as shown in the graph below.

Notably, the publication of its full half-year results has been delayed until the end of October at the latest, with the SIX Exchange Regulation, the Swiss regulator, allowing Meyer Burger an additional month to finalise and publicise its figures. While the regulator allowed this delay, Meyer Burger noted that it “reserves the right to potentially suspend trading” in the company’s securities if it fails to publish its final results by 31 October.

The delay of the publication of financial results is rarely a good sign, with fellow module manufacturer Maxeon delaying the publication of its results for the first quarter of 2024, and subsequently facing delisting from the Nasdaq exchange. While Meyer Burger is not in similarly dire straits, the company has endured a number of financial challenges in recent months, including plans to cut around 200 jobs from its workforce and the replacement of its CEO.

As part of the SIX Exchange Regulation’s allowances made to Meyer Burger, the company will have to provide more information on “the measures of the restructuring programme” in its upcoming results, so there will likely be more clarity as to how the company will reorganise itself in the coming weeks.

Meyer Burger has consistently blamed the presence of low-cost Chinese PV modules in Europe for its financial struggles, with former CEO Gunter Erfert, and current CEO Franz Richter, blaming Chinese manufacturers for creating “unprecedented distortions in the European solar market” earlier this year.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

October 6, 2025
German solar inverter manufacturer SMA Solar will cut 350 jobs in 2026 as it adapts to the “weak” residential PV market.
October 6, 2025
An expert panel has identified a series of grid failures that led to April's unprecedented power outage in Spain and Portugal, ruling out renewables as the leading cause.
October 2, 2025
Spanish waste management company Trabede and energy firm Greening Group will build a solar module recycling plant in Granada, Andalusia, Spain.
October 2, 2025
The European solar sector will lose around 5% of its jobs in 2025, the first contraction in employment for the sector in nearly a decade.
October 2, 2025
PV products using perovskite technology could assume a dominant position within the next ten years, according to module producer Qcells' CTO.
October 1, 2025
The insurance industry must adapt to evolving risks to head off a 'protection gap' that could undermine the global green energy transition.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland