Meyer Burger's 2023 Annual Report Reveals Strategic Shift Amid Market Distortions; DESRI & Sentis to Join Capital Increase

• Meyer Burger Technology AG published its Annual Report 2023 after a strategic shift in a challenging market environment - Largest customer DESRI plans to participate in the upcoming capital increase alongside Sentis - Sales in fiscal year 2023 amounted to CHF 135.0 million - The company reported a total loss of CHF -291.9 million in the reporting period - Meyer Burger decided to focus on production and growth in the U.S. due to deteriorating business climate in Europe - Board of Directors and management believe in the long-term potential of Meyer Burger, expecting EBITDA of nearly CHF 250 million per year from the U.S. business
• Meyer Burger's cash and cash equivalents amounted to CHF 150.2 million as of December 31, 2023, and CHF 82.0 million as of February 29, 2024.

The next important date, Quarterly report, at Meyer Burger Technology is on 14.03.2024.

Meyer Burger Technology

-0,44 %

-5,42 %

-25,08 %

-76,12 %

-94,89 %

-90,43 %

-89,91 %

-97,49 %

-99,59 %

ISIN:CH0108503795WKN:A0YJZX

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