The company also announced that its current order backlog has exceeded the level of CHF1 billion (around USD$1 billion/729 million) for the first time, due to order income from regions Asia and Europe remaining very positive.
It says the net sales increase is based on expected deliveries and sales recognition until the end of the current year, adding that for the first half of the year, it achieved an increase in net sales of 67 percent to CHF 356.9 million. Net sales achieved in the previous year were CHF 420.9 million.
Michel Hirschi, CFO of Meyer Burger Technology Ltd stated: "For the solar industry, the financing situation has returned to normal again for various large projects, which will substantially increase manufacturing capacities at solar cell producers in the years 2011-2013.
"Meyer Burger continues to succeed in concluding individual large orders in this environment. In addition, we also won important smaller customer orders. This altogether adds up to an excellent order backlog that gives us an ideal base for the start into fiscal year 2011."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.