Meyer Burger, which sells production-equipment to the world’s leading PV manufacturers, added to its horrific first-half results by ditching its full-year sales target of CHf400m ($428m).
That target came to look wholly unrealistic in the light of the company’s dismal CHf90.4m first-half sales performance. By contrast, Meyer Burger notched nearly CHf600m in first-half sales in 2011.
With customers around the world having halted their expansion and upgrade plans in response to the seismic readjustment of the global PV market, Meyer Burger swallowed a net loss of CHf81.9m
