Flexible Electronics News

Meyer Burger Announces Fiscal Year 2017 Results

Net sales are up 4% to $500 million, with incoming orders up 23% to $590 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Meyer Burger Technology Ltd. recorded in fiscal year 2017 incoming orders of CHF 560.7 million, ($590 million), up 23% compared to the previous year. Order backlog amounted to CHF 343.8 million ($363 million) as of Dec. 31, 2017 or up 40% compared to year-end 2016. Net sales rose by 4% to CHF 473.3 ($500 million) million.   The income statement 2017 includes several adverse effects and one-off extraordinary expenses in a total amount of about CHF 76 million which are mainly in conjunction with...

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