Flexible Electronics News

Meyer Burger Announces Preliminary Financial Information for 1H 2018

Net sales for the first half of 2018 are expected to amount to $232 million, an increase of more than 9%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Meyer Burger Technology Ltd announced preliminary unaudited results for the first half-year 2018. Net sales for the first half of 2018 are expected to amount to CHF 232 million, representing an increase of more than 9%. In terms of EBITDA, the positive result has more than quadrupled compared to the previous year period and reached about CHF 28 million (H1 2017 CHF 6.9 million).   Meyer Burger expects a profit in a range of CHF 7 million to 8 million at the net earnings level. Thus, the compan...

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