- Incoming orders +40.4% at constant exchange rates (CHF +28.5%) to CHF 418.9 million
- Net sales at constant exchange rates +8.3% (CHF +2.4%) to CHF 323.6 million
- EBITDA, impacted by delayed sales and negative special effects, was CHF -55.9 million
- Operating expenses substantially reduced
- Cost base adjusted to reach break-even at EBITDA level with net sales of CHF 400 million
- Cash flow from operating activities improved to CHF -51.9 million (2014: CHF -152.8 million)
- Long-term growth opportunities intact
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) recorded, as expected, a substantial increase in incoming orders in fiscal year 2015. Incoming orders increased by 40.4% at constant exchange rates and came to CHF 418.9 million. Net sales were at CHF 323.6 million, representing an increase of 8.3% at constant exchange rates. As already published, project delays in certain larger existing customer projects led to a delay in final acceptance for a number of machines and systems into 2016, and therefore also to a delay of net sales into 2016.
In 2015, operating expenses were significantly lower compared to the previous year as planned. EBITDA stood at CHF -55.9 million (2014: CHF -95.6 million). EBITDA was impacted by the delayed sales and by non-recurring special effects from the sale of the Roth & Rau Ortner subsidiaries. Cash flow from operating activities was CHF -51.9 million and improved compared to the previous year by about CHF 101 million. With cost structure optimisation projects already implemented in 2014 and 2015, the basis is laid to reach break-even at the EBITDA level with sales of around CHF 400 million.
The company’s top priority in fiscal year 2016 is a solid growth in net sales and to achieve break-even at the EBITDA level.
