INDUSTRY NEWS

Meyer Burger posts US$330 million net loss for FY2023

2024-03-18

Meyer Burger is optimistic about its business and production plan in the US. Image: Meyer Burger

PV manufacturer Meyer Burger has posted financial results for 2023, with net loss increasing by 318% to CHF292 million (US$330.6 million).

Net sales in 2023 dropped to CHF135 million, down from CHF147.2 million in 2022. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) also increased significantly from CHF34.6 million in 2022 to CHF163.6 million.

(The above content is reproduced from pv-tech,By Simon Yuen)

 

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