Meyer Burger expects 2013 as year of recovery in PV equipment spending

Facebook
Twitter
LinkedIn
Reddit
Email

Having posted record revenue of CHF 1.32 billion in 2011, major PV equipment supplier, Meyer Burger acknowledge that 2012 would be a lean year due to overcapacity and significant cuts to capital spending from PV manufacturers. The company guided revenue to be down significantly in 2012 and in the range of CHF 600–800 million and an EBITDA margin between 4-8%. Management noted that it didn’t expect a recovery in demand for equipment until 2013 and had started a restructuring plan to reduce operating costs with a 15% workforce reduction.

The company noted that the increase in net sales was based on 44% organic growth and CHF 125.9 million or 15% of growth resulting from the acquisition during the year of Roth & Rau. EBITDA for 2011 was CHF 278.4 million, an increase of 48% compared to the previous 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 recorded CHF 876.8 million of new orders in 2011, down from CHF 1,329.8 million in 2010. The order backlog at the end of 2011 was CHF 909.9 million, down from 1,048.5 million at the end of 2010.

On a regional basis, sales were dominated by Asia, increasing 68% year-on-year and contributing 80% of net sales in 2011. Europe provided 17% of net sales, while customers in the US accounted for 3% of net sales.

Meyer Burger noted in its full year report that it employed more than 3,000 people worldwide at the end of 2011. The number of full-time employees rose by 1,515 people or 119% year-on-year to a total of 2,791 employees, which included 1,300 directly added by the takeover of the Roth & Rau and its subsidiaries.
 

Read Next

September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 11, 2025
Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines