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

MEYER BURGER TECHNOLOGY AG

(MBTN)
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New CFO for Meyer Burger Technology Ltd

09/28/2020 | 12:50am EST

New CFO for Meyer Burger Technology Ltd

Jürgen Schiffer is appointed as the new Chief Financial Officer (CFO) of Meyer Burger Technology AG as of October 1, 2020. In this role he succeeds Manfred Häner, who is retiring.

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@dynamicsgroup.ch




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Financials
Sales 2020 109 M 121 M 121 M
Net income 2020 -69,0 M -76,3 M -76,3 M
Net cash 2020 103 M 113 M 113 M
P/E ratio 2020 -13,0x
Yield 2020 -
Capitalization 980 M 1 084 M 1 084 M
EV / Sales 2020 8,04x
EV / Sales 2021 9,34x
Nbr of Employees 657
Free-Float 85,2%
Chart MEYER BURGER TECHNOLOGY AG
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Technical analysis trends MEYER BURGER TECHNOLOGY AG
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 0,24 CHF
Last Close Price 0,39 CHF
Spread / Highest target -28,4%
Spread / Average Target -38,6%
Spread / Lowest Target -48,8%
EPS Revisions
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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