Flexible Electronics News

Meyer Burger Announces Preliminary Financial Information for Fiscal Year 2017

Total incoming orders reached $560 million, the highest in six years and an increase of 23% compared to 2016.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Meyer Burger Technology Ltd announced preliminary unaudited results for fiscal year 2017. Total incoming orders reached about CHF 560 million ($560 million), representing by far the highest level in incoming orders for the past six years and an increase of 23% compared to the previous year (2016: CHF 455.6 million). The order backlog was at about CHF 343 million as of Dec. 31, 2017, which is an increase of 40% compared to the previous year and provides the company with a solid starting position ...

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