Midsummer sees profit increase for FY 2016


Midsummer received several orders for its DUO system for CIGS manufacturing, amid increased interest in thin film production from several Asian manufacturers.

“2016 was a record year for us,” says Midsummer CEO Sven Lindström. “We did some great business, and the market acceptance for our solar energy technology solutions increased, which resulted in several orders for our compact DUO thin film solar cell manufacturing system.”

Despite continuing price pressure from crystalline silicon, 2016 was something of a boom year for CIGS equipment suppliers. Alongside Midsummer’s successes, German supplier Manz entered into a major partnership in China, and continued to build on this posting positive results for the first quarter of 2017.

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Laser specialists LPKF also posted strong results for Q1 2017, stating that improved performance in its solar equipment segment, which manufactures lasering equipment for thin film production, was the main reason for revenue increase.

Midsummer is also expecting its success to continue in 2017. “We have yet again shown that we are the leading provider of advanced solar technology solutions for the production of thin film solar panels, continues Lindström. “We look forward to the future, with continued development and increased sales of our solutions in the global market.”

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