Meyer Burger produced more than 300 megawatts of high-performance solar modules in the first half of the year and increased sales by 70.8 percent to CHF 96.9 million.
The company generated an operating loss at an EBITDA level of CHF -43.3 million due to a difficult market situation in the second quarter, depreciation, ramp-up of production in Germany, and the ongoing expansion in the USA.
With cash and cash equivalents of CHF 370 million and an equity ratio of 45.9 percent, Meyer Burger remains solidly capitalized and well-financed for the next expansion steps.
Strategic presence in the USA will be significantly expanded with
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