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

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

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

June 9, 2025
Sonnedix has signed a power purchase agreement (PPA) with Renfe to supply 420GWh of renewable energy annually for its commercial operations.
June 6, 2025
Eternal Sun has acquired German solar simulator provider Wavelabs, which has resulted in the formation of a new subsidy, Wavelabs Eternal Sun.
Premium
June 6, 2025
Europe must secure the 'strategic segments' of the solar supply chain, according to experts at a PV Tech panel at this year's Intersolar event.
June 5, 2025
Investment in clean energy and grids will reach US$2.2 trillion in 2025, double the expected investment into fossil fuels this year, according to data from the International Energy Agency (IEA).
June 5, 2025
US renewable power developer Invenergy has commissioned the 250MW Hardin III Solar Energy Center in the US state of Ohio.
June 4, 2025
Independent power producer (IPP) Enlight Renewable Energy is expanding its Gecama Wind Project in Castilla La Mancha, Spain, by integrating solar PV and battery energy storage systems.

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