Meyer Burger continues strong year

Share

After reporting EBITA margin for the first-half of 2010 of 26.2 percent, Meyer Burger has increased its margins further in 2011, reporting an EBITA margin of 26.9 percent. Net sales for the six-month period were CHF575 million (USD$732 million).

Meyer Burger claims that is on track to reach the full-year sales target of CHF1.2 billion ($1.5 billion). The company will release more detail for the first-half of 2011, along with updated 2011 guidance, on September 1.

Other significant news for Meyer Burger for Q2 was the removal of the final hurdle to its takeover of Roth & Rau AG when Chinese antitrust authorities cleared the takeover. In a statement, Meyer Burger wrote, "the tender offer and the payment of the offer price is expected to take place on 9 August 2011."