International. Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) recorded 455.6 million (us$462.1 million) outstanding orders for CHF (Swiss francs) in fiscal 2016, representing a 9% increase over the previous year (2015: CHF 418.9 million). The order book amounted to CHF 244.5 million as of December 31, 2016 and provides a strong starting position for fiscal year 2017. Net sales increased by 40% to CHF 453.1 million (2015: CHF 323.6 million).
At the EBITDA level, Meyer Burger confirmed the turn with a positive EBITDA of CHF 10.5 million (2015: CHF -55.9 million). EBITDA 2016 includes one-time extraordinary expenses amounting to CHF 3.5 million related to the structural program.
Net income for fiscal 2016 was substantially reduced compared to the previous year, but still stood at CHF -97.1 million (2015: CHF -169.0 million), including a single depreciation, impairment and provisions in the amount of CHF 11.9 million due to the decision to suspend wire production at the US subsidiary DMT. With the structural program, which was already launched at the end of September 2016, and the additional optimizations of Meyer Burger have laid the foundation to also reach the return in the level of net profit as quickly as possible.
For fiscal 2017, the company is aiming to achieve a similar level of net sales as in the previous year with a substantial improvement in profitability.
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