Meyer Burger increases 2010 net sales forecast

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."