Meyer Burger reported a modest decline in sales and a more serious fall in profits during 2009 as a result of the recession. Its sales fell 6% to SFr420.9m ($397m), while its operating profit shrank 31% to SFr41.3m.
The company says sales were soggy throughout the first half of the year, with fewer new orders placed and many existing orders delayed due to the tight credit markets.
However,
