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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Meyer Burger Technology AG    MBTN   CH0108503795

MEYER BURGER TECHNOLOGY AG

(MBTN)
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Closing of the sale of the microwave and plasma technology company Muegge GmbH

10/01/2020 | 12:50am EST

Closing of the sale of the microwave and plasma technology company Muegge GmbH

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announces today the closing of the sale of the microwave and plasma technology company Muegge GmbH to the investment company HQ Equita, which was announced on 10 August 2020. HQ Equita, which is part of the Harald Quandt Group in Bad Homburg, Germany, will acquire all of Muegge GmbH's business divisions including its subsidiary Gerling Applied Engineering Inc. based in Modesto CA, USA, as well as its approximately 100 employees. As previously announced, the book profit will amount to approximately CHF 4 million. The contract also includes an earn-out of CHF 2.5 million, which is due the following year based on the agreed financial targets for 2021.

Media contacts:

Meyer Burger Technology AG

Anne Schneider

Head Corporate Communications

Tel +49 37 23 671 22 35 | Mob +49 174 349 17 90

anne.schneider@meyerburger.com

Dynamics Group AG

Andreas Durisch, Senior Partner
Tel +41 43 268 27 47 | Mob +41 79 358 87 32

adu@dynamicsgroup.ch




Provider
Channel
Contact
EQS Group Ltd., Switzerland
switzerland.eqs.com


newsbox.ch
www.newsbox.ch


Provider/Channel related enquiries
cs.switzerland@eqs.com
+41 41 763 00 50
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Financials
Sales 2020 109 M 120 M 120 M
Net income 2020 -69,0 M -76,1 M -76,1 M
Net cash 2020 103 M 113 M 113 M
P/E ratio 2020 -12,4x
Yield 2020 -
Capitalization 940 M 1 037 M 1 035 M
EV / Sales 2020 7,66x
EV / Sales 2021 8,95x
Nbr of Employees 657
Free-Float 85,2%
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Technical analysis trends MEYER BURGER TECHNOLOGY AG
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Mean consensus HOLD
Number of Analysts 3
Average target price 0,24 CHF
Last Close Price 0,37 CHF
Spread / Highest target -25,3%
Spread / Average Target -35,9%
Spread / Lowest Target -46,6%
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Managers
NameTitle
Gunter Erfurt Chief Executive & Technology Officer
Franz Richter Chairman
Jürgen Schiffer Chief Financial Officer
Andreas R. Herzog Non-Executive Director
Mark Kerekes Director
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