Meyer Burger receives two important contracts valued at over CHF 22 million, releases unaudited key financial data for fiscal year 2015
Meyer Burger Technology Ltd recently announced the successful conclusion of two important contracts with a combined volume of over CHF 22 million with existing photovoltaic customers in Asia. Meyer Burger also reports unaudited net sales of CHF 323.6 million, incoming orders of CHF 418.9 million for 2015 and order backlog of CHF 257.5 million as of 31 December 2015.
A leading Asian manufacturer of monocrystalline solar wafers has selected Meyer Burger’s (SIX Swiss Exchange: MBTN) high precision water based DW 288 diamond wire cutting technology for its production of solar wafers for high performance cells. In addition, a second contract for the delivery of Meyer Burger’s industrially proven MAiA 2.1 equipment with MB PERC technology has been signed with a major solar cell manufacturer in Asia. The order volume of these contracts, which are recorded for January 2016, amounts to over CHF 22 million and delivery of all equipment to both customers is scheduled throughout the first half of 2016.
Strong incoming orders and order backlog in FY 2015
Meyer Burger reached total incoming orders of CHF 418.9 million in fiscal year 2015, representing an increase of 28.5% compared to the previous year period (FY 2014: CHF 326.0 million). Furthermore, its order backlog was at CHF 257.5 million as of 31 December 2015 which is an increase of 35.5% compared to the previous year (31.12.2014: CHF 190.1 million). The strong trend in incoming orders seen during 2015 reflects the improvement in investment behavior by customers and the increased technology demand to further improve solar cell production lines with new and upgrade technologies.
Net sales for 2015 amounted to CHF 323.6 million based on preliminary unaudited results. As announced in November 2015, for certain projects the final acceptance by customers for a number of machines and systems was delayed into 2016. Net sales and profit contributions from these orders where delayed acceptances occurred, will be realized during 2016.