Meyer Burger continues strong year


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.

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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."

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