The Swiss production equipment manufacturer Meyer Burger Technology AG announced total incoming orders of about CHF 560 million ($582 million) in 2017, an increase of 23 percent compared to the previous year (2016: CHF 455.6 million). The order backlog was about CHF 343 million as of 31 December 2017, which is an increase of 40 percent compared to the previous year (2016: CHF 244.5 million).
Net sales for 2017 amounted to about CHF 473 million (+4 percent) compared to fiscal year 2016, thereby exceeding Meyer Burger’s previous guidance of CHF 440 to 460 million. Meyer Burger expects a slight reduction of the net loss for fiscal year 2017 (2016: CHF -97.1 million). As previously announced, the company will incur several one-off non-cash extraordinary expenses at the extraordinary result level, which are mainly in conjunction with the discontinued operations of Diamond Materials Tech and the discontinuation of the manufacturing activities in Thun (e.g. inventory write-offs, impairment on building in Thun, impairments on intangible assets).
According to the company, further details on the financial statements for 2017 as well as the annual report 2017 will be published on 22 March 2018.
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