Falling orders drive Meyer Burger to first half loss: Page 2 of 2

August 15, 2019 //By Nick Flaherty
US tariffs and a worldwide glut of production equipment drive Meyer Burger to deeper loss in first half of year
US tariffs and a worldwide glut of production equipment drive Meyer Burger to deeper loss in first half of year
by CHF 193.4 m for the recent sale of its wafer equipment business. Operating income was also down by half at CHF 63.1m (CHF 120.1 million in H1 2018), leading to an overall loss of CHF 4.5m, down from a loss of CHF 4.0m in H1 2018.

Asia remains the most important sales region for Meyer Burger, accounting for 73% of net sales during the first half of 2019 (68% in H1 2018), while Europe accounted for 21% (28% in H1 2018) and the Americas provided approx. 6% (3% in H1 2018).

The company has a strategic deal with Oxfrod PV to supply equipment for its perovskite cells at a productionlant in Germany.

"Meyer Burger will continue to make substantial investments in research and development in order to remain a market leader in the premium segment" said Brändle. "With our focus on developing high-efficiency industrial HJT production solutions, we have achieved record cell efficiency of over 24.7% in commercialized HJT systems. We are already working on a roadmap for HJT cells with even higher levels of efficiency. The collaboration with REC will lead to a quantum lead in the manufacture of HJT / SmartWire modules."

www.meyerburger.com

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