Meyer Burger Investor Presentation
INCOME STATEMENT
MEYER BURGER
6.6%
Income Statement
■ Net sales decreased partially due to divestments.
Increasing price pressure on standard PV equipment
leads to lower net sales.
■ Other income includes CHF 30 million gains from sale of
business Wafering and AIS.
■ Considerable efforts to reduce personnel and operating
expenses: Total reduction of CHF 32 million achieved
compared to 2018.
■ Efforts to reduce costs and safeguard margins are
continued.
◉
◉
Proportionate result from investment in associates in
Oxford PV is CHF -3 million.
Non-operating result of CHF 4 million from sale of
building in Thun (investment property portion).
in TCHF
Net sales
Other operating income
2019
in %
20181
262 013
100.0%
38 749
406 967
12 680
in %
100.0%
Currency translation gains and losses on trade receivables and
customer prepayments
2 059
3 938
Income
302 821
423 585
Changes in inventories and machines before acceptance
-22 761
-35 169
Costs of products and work in process
-152 286
-187 980
Capitalised goods and services
2 119
Operating income after costs of products and services2
129 893
49.6%
Personnel expenses
-104 364
Other operating expenses
-39 000
EBITDA³
-13 471
-5.1%
Depreciation and impairment on property, plant, equipment
-10 087
Amortisation and impairment on intangible assets
-5 077
1 404
201 841
-126 290
-48 766
26 784
-11 942
-12 404
49.6%
EBIT4
-28 635
-10.9%
2 438
0.6%
Financial result
Result from investment in associates
Operating result
-7 914
-9 815
-2 971
-39 520
-15.1%
-7 377
1.8%
Non-operating result
Earnings before taxes
Taxes
Net result
4 013
-35 507
-4 143
-39 650
-13.6%
-7 377
-1.8%
-15.1%
-52 061
-59 437
-14.6%
12018 income statement figures throughout this presentation have been restated in line with the ruling of the arbitration court of the SIX Swiss Exchange
2"Operating income after costs of products and services" corresponds to total income including other operating income, e.g. gain from sale of group
companies, less changes in inventories and machines before acceptance, cost of products and work in progress and capitalised goods and services.
3"EBITDA" corresponds to the operating result (EBIT) before depreciation on tangible fixed assets and amortization on intangible assets, the financial result,
the result from investment in associates, the non-operating result and income taxes.
4"EBIT" corresponds to the operating result, before the financial result, the result from investment in associates, the non-operating result and income taxes.
Meyer Burger Technology Ltd. Presentation for Investors, Analysts and Media, 12 March 2020
33 O Meyer BurgerView entire presentation