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

MEYER BURGER TECHNOLOGY AG

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Meyer Burger definitely secures the new locations for the production of solar cells and solar modules

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08/03/2020 | 01:50am EDT

Meyer Burger definitely secures the new locations for the production of solar cells and solar modules

  • The creditors' meeting of Solarworld Industries GmbH approved the sale of the buildings at Solarworld's former production site in Freiberg (Saxony). The purchase price amounts to EUR 12 million and includes buildings with a total area of 33,000 square meters, patents and trademark rights.
  • At the same time, the rental agreement for the buildings of the former solar cell manufacturer Sovello with areas of 27,000 square meters in Bitterfeld-Wolfen (Saxony-Anhalt) was definitely signed.
  • Two important milestones have thus been reached to ensure the start of production in the first half of 2021 with 400 MW solar cells and 400 MW solar modules as well as further growth at the locations.

Following the successful capital increase, Meyer Burger is working flat out to implement the new business model as a provider of technologically leading solar cells Made in Europe. The approval of the creditors' meeting of Solarworld Industries GmbH for the sale of the buildings and production facilities in Freiberg and the building in Bitterfeld-Wolfen enables Meyer Burger Meyer to convert the existing infrastructure and to set up its latest production machines to manufacture highly efficient solar cells with the proprietary heterojunction technology. In addition, Meyer Burger will acquire an existing logistics and distribution centre at the same location. The use of existing infrastructure helps to save resources.

In addition, the lease agreement for the buildings in Freiberg takes effect immediately. From 2021, the highly efficient cells will be processed into SmartWire modules here.

Contacts:

Nicole Borel

Head of Corporate Communications

Tel: +41 (0)33 221 28 34

nicole.borel@meyerburger.com

Dynamics Group AG

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

adu@dynamicsgroup.ch




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Financials
Sales 2020 103 M 112 M 112 M
Net income 2020 -80,5 M -87,8 M -87,8 M
Net cash 2020 103 M 112 M 112 M
P/E ratio 2020 -8,88x
Yield 2020 -
Capitalization 612 M 668 M 667 M
EV / Sales 2020 4,96x
EV / Sales 2021 5,81x
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 0,24 CHF
Spread / Highest target 14,8%
Spread / Average Target -1,64%
Spread / Lowest Target -18,0%
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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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