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

MEYER BURGER TECHNOLOGY AG

(MBTN)
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Meyer Burger Technology : New CFO for Meyer Burger Technology Ltd

09/28/2020 | 01:00am EST

Jürgen Schif­fer (*27. 06. 1966) is an ex­pe­ri­enced fi­nan­cial ex­pert fo­cus­ing on re­port­ing, ac­count­ing, trea­sury man­age­ment and tax law. In re­cent years, the grad­u­ate banker has held se­nior fi­nance and CFO po­si­tions at Eu­ro­pean com­pa­nies on a man­date basis.

In ad­di­tion to his core com­pe­ten­cies in Fi­nance & Con­trol­ling, Jürgen Schif­fer has gained sig­nif­i­cant ex­pe­ri­ence as a man­age­ment con­sul­tant and in­terim man­ager in deal­ing with com­plex turn­around sit­u­a­tions. He is fa­mil­iar with com­pany analy­ses, the de­sign of qual­ity as­sur­ance processes and the de­vel­op­ment of re­port­ing struc­tures. The re­spon­si­bil­i­ties of the new Chief Fi­nan­cial Of­fi­cer (CFO) in­clude trans­form­ing the ex­ist­ing struc­tures and align­ing re­port­ing with Meyer Burger's new busi­ness model as a tech­no­log­i­cally lead­ing man­u­fac­turer of solar cells and solar mod­ules. Jürgen Schif­fer is al­ready fa­mil­iar with the solar in­dus­try from his pre­vi­ous work for solar com­pa­nies such as Con­ergy AG and Q-Cells AG. When he takes up his po­si­tion on 1 Oc­to­ber 2020, he will also be­come a mem­ber of the Ex­ec­u­tive Board.

Chair­man of the Board of Di­rec­tors Franz Richter says: 'Jürgen Schif­fer, with his pro­found fi­nan­cial knowl­edge and ex­ten­sive ex­pe­ri­ence in trans­for­ma­tion processes, is the ideal per­son to ac­com­pany Meyer Burger in the up­com­ing growth phase.'

Schif­fer suc­ceeds the cur­rent CFO, Man­fred Häner, who will soon reach re­tire­ment age. He as­sumed the role of CFO a good two years ago. The Board of Di­rec­tors thanks Man­fred Häner for his great con­tri­bu­tion to the trans­for­ma­tion process and wishes him all the best for the fu­ture.

Media con­tacts:

Meyer Burger Tech­nol­ogy AG

Anne Schnei­der

Head Cor­po­rate Com­mu­ni­ca­tions

Tel +4937236712235 | 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@​dyn​amic​sgro​up.​ch

Disclaimer

Meyer Burger Technology AG published this content on 28 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2020 04:59:08 UTC


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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 -12,7x
Yield 2020 -
Capitalization 960 M 1 060 M 1 058 M
EV / Sales 2020 7,85x
EV / Sales 2021 9,15x
Nbr of Employees 657
Free-Float 85,2%
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Mean consensus HOLD
Number of Analysts 3
Average target price 0,24 CHF
Last Close Price 0,38 CHF
Spread / Highest target -26,9%
Spread / Average Target -37,3%
Spread / Lowest Target -47,8%
EPS Revisions
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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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