Meyer Burger has said its new order intake doubled in the second half of 2013 as orders from the PV industry started to recover.
The company expects new order intake for the year to be in the range of CHF 240 to 260 million (US$268 million to US$290 million) in 2013, compared to CHF 223.4 million (US$249 million) in 2012.
Net sales for 2013 are expected to be around CHF 200 million (US$223 million), compared to CHF 645.2 million (US$721 million) in the prior year when the majority of sales came from its order backlog.
Despite the rush of new orders in recent months, which will be converted to sales in 2014, Meyer Burger expects losses to almost double in 2013. The company guided losses at the EBITDA level to be in the range of CHF -170 to -190 million (US$190 million to US$212 million).
Major new order
Meyer Burger also announced that it received a major strategic order for industrial diamond wire-based cutting systems from a non-PV related company that had an initial order value of CHF 40 million (US$44.6 million).
However, the company will also supply diamond wire material to the new customer, with a potential value of up to CHF 30 million (US$33.5 million) during 2014.