Meyer Burger Investor Presentation
Consolidated income statement
in CHF T
1.1.-30.6. 1.1.-30.6.
2022
2021
Movement
Net sales
Net sales mainly increased due to the ramp up of Meyer Burger's module production and related
sales, which made up CHF 42.2 million of total income. The close out of old projects contributed a
total of CHF 4.8 million revenues.
Cost of product and work in progress increased as a result of higher sales volumes. These costs are
partially offset for externally sourced goods used in the manufacturing of own machines in the line
capitalized goods and services.
Operations
Personnel expenses increased based on the ramp-up of the two new production sites. The decrease
in operating expenses reflects the success of the strict cost management and restructuring measures
of the previous years weighted against the additional costs for the ramp-up.
Depreciation, amortization & impairment
The strong increase of depreciation, amortization & impairment is based on the increase in property,
plant and equipment due to the expansion of the production facilities.
Financial result
The net financial result of CHF -8.4 million is primarily driven by interest on the convertible bond of
CHF 4.9 million, interest on the credit facility of CHF 1.0 million, negative foreign exchange effects of
CHF 1.8 million, the positive result on derivative financial assets of CH 1.2 million and other financial
expenses s of CHF 1.8 million, which mainly included guarantee premiums for the credit facility.
Net sales
56 700
Other operating income
1506
Currency translation effects trade
-408
Total income
57 798
17 966
1508
383
19 857
38'734
-2
Changes in inventories
3 815
-9 390
Cost of products and work in process
-57 530
-16 770
-791
37 941
13 205
-40 760
Cost of products
Capitalized goods and services
21 316
20 534
Operating income after costs of products and
25 399
14 231
782
11 168
services
Personnel expenses
-33 176
Operating expenses
-16 657
Earnings before interests, taxes, depreciation and
-24 434
-27 686
-17 461
-30 916
-5 490
804
6 482
amortization (EBITDA)
Depreciation and impairment on property, plant and
equipment
-7 761
-2093
-5668
Amortization and impairment on intangible assets and
goodwill
-479
-1104
625
Earnings before interests and taxes (EBIT)
-32 674
-34 113
Financial result
-8 377
Result from investment in associates
Ordinary result
Non-operating result
-41 051
37
1313
-2 192
-34 992
53
1439
-9690
2 192
-6.059
-16
Earnings before income taxes
-41 014
Income taxes
5
-34 939
-2 289
-6 075
2 294
Result
-41 009
-37 228
-3 781
MEYER BURGER
Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, August 18, 2022
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