Meyer Burger announces turnaround with positive EBITDA during the first half of 2016

Meyer Burger Technology Ltd (Thun Switzerland) achieved substantial improvements in its financial results during the first half of 2016. Incoming orders increased by 20.4% to CHF 267.8 million (H1 2015: CHF 222.6 million). Net sales rose by 75.0% to CHF 217.8 million (H1: 2015 CHF 124.4 million), the company announced. As a result of the higher net sales and lower operating expenses, the company achieved a turnaround at the EBITDA level with a profit of CHF 6.2 million (H1 2015 CHF -32.7 million).

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