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Meyer Burger Technology AG (MBTN.S)

MBTN.S on Swiss Exchange

0.89CHF
22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Meyer Burger Technology Awarded Two Contracts For Its DS 261 Wire Saws
Tuesday, 15 May 2018 

May 15 (Reuters) - Meyer Burger Technology AG ::AWARDED TWO CONTRACTS FOR ITS DS 261 WIRE SAWS FOR ABOUT CHF 17.5 MILLION FROM EXISTING CUSTOMERS.ORDERS COMPRISE INSTALLATION, ON-SITE TRAINING AND SERVICE OF DS 261 WIRE SAW EQUIPMENT.  Full Article

Meyer Burger Technology Divests Its Solar Systems Business To Patrick Hofer-Noser
Monday, 14 May 2018 

May 14 (Reuters) - Meyer Burger Technology AG ::DIVESTS ITS SOLAR SYSTEMS BUSINESS TO PATRICK HOFER-NOSER.BOTH PARTIES HAVE AGREED TO MAINTAIN CONFIDENTIALITY REGARDING TRANSACTION PRICE.SALE WILL RESULT IN A LOSS IN LOW SINGLE-DIGIT MILLION RANGE INCLUDING A GOODWILL RECYCLING OF AROUND CHF 1 MILLION.  Full Article

Meyer Burger Will Take Patent Infringement Lawsuit Regarding Its DWMS Technology To Next Level Of Jurisdiction
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Meyer Burger Technology AG ::WILL TAKE PATENT INFRINGEMENT LAWSUIT REGARDING ITS DIAMOND WIRE MANAGEMENT SYSTEM (DWMS) TECHNOLOGY TO NEXT LEVEL OF JURISDICTION.  Full Article

Meyer Burger announces preliminary FY 2017 net sales of about CHF 473 mln
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Meyer Burger Technology Ag ::MEYER BURGER ANNOUNCES PRELIMINARY FINANCIAL INFORMATION FOR FISCAL YEAR 2017.SAYS ‍NET SALES FOR 2017 AMOUNTED TO ABOUT CHF 473 MILLION OR +4% COMPARED TO FISCAL YEAR 2016​.MEYER BURGER TECHNOLOGY - PRELIMINARY FY 2017 ‍TOTAL INCOMING ORDERS REACHED ABOUT CHF 560 MILLION, AN INCREASE OF 23% COMPARED TO PREVIOUS YEAR ​.SLIGHT REDUCTION OF NET LOSS IS EXPECTED FOR FISCAL YEAR 2017 ‍​.‍AT THIS POINT IN TIME, MEYER BURGER MAINTAINS ITS PREVIOUS EBITDA GUIDANCE AT CHF 5-15 MILLION (2016: CHF 10.5 MILLION)​.  Full Article

Meyer Burger Technology Says ‍Incentive Offer Successfully Concluded​
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - MEYER BURGER TECHNOLOGY AG ::‍INCENTIVE OFFER OF MEYER BURGER TECHNOLOGY LTD SUCCESSFULLY CONCLUDED​.‍HOLDERS OF 71.2% OF OUTSTANDING CHF 100 MILLION 5.5% CONVERTIBLE BONDS DUE 2020 HAVE ACCEPTED OFFER​.  Full Article

Meyer Burger Technology Confirms Strong Momentum In Incoming Orders
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Meyer Burger Technology AG ::CONFIRMS STRONG MOMENTUM IN INCOMING ORDERS EXPERIENCED DURING H1 IS ONGOING.FROM JANUARY TO OCTOBER, TOTAL INCOMING ORDERS UP BY 26% AT CHF 503 MILLION.  Full Article

Meyer Burger Technology Offers To Convert Chf 100 Mln Bond​
Monday, 27 Nov 2017 

Nov 27 (Reuters) - MEYER BURGER TECHNOLOGY AG ::VOLUNTARY INCENTIVE OFFER TO CONVERT CHF 100 MILLION 5.5% CONVERTIBLE BOND​.‍TO CONVERT CHF 100 MILLION 5.5% CONVERTIBLE BOND DUE 2020 PRIOR TO 16.00 CET ON DEC. 5 2017​.‍OFFERS TO PAY CASH INCENTIVE OF CHF 250 PER CHF 5,000 PRINCIPAL AMOUNT OF BONDS TO HOLDERS​.  Full Article

Meyer Burger sells its non-PV related diamond wire production business
Monday, 13 Nov 2017 

Nov 13 (Reuters) - MEYER BURGER TECHNOLOGY AG ::‍DIVESTS ITS NON-PV RELATED DIAMOND WIRE PRODUCTION BUSINESS TO THERMOCOMPACT GROUP​.‍THERMOCOMPACT GROUP TO BUY REMAINING DMT BUSINESS FOR AN AMOUNT OF ABOUT USD 6 MILLION IN CASH​.‍CLOSING OF TRANSACTION IS EXPECTED BY MID-DECEMBER 2017​.  Full Article

Thermocompact to buy saw and special diamond wire manufacturing business from Meyer Burger Technology
Monday, 13 Nov 2017 

Nov 13 (Reuters) - THERMOCOMPACT SA ::AGREEMENT TO BUY SAW AND SPECIAL DIAMOND WIRE MANUFACTURING BUSINESS FROM MEYER BURGER TECHNOLOGY IN US‍​.OPERATION WILL GENERATE ADDITIONAL EUR 5.6 MILLION IN FY PRO FORMA REVENUES.OPERATION WILL GENERATE ADDITIONAL EUR 0.7 MILLION IN FY PRO FORMA EBITDA.  Full Article

Meyer Burger Technology initiates cost efficiency programme, to cut 180 positions
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Meyer Burger Technology Ag :INITIATED A COST EFFICIENCY PROGRAMME.‍ALL MANUFACTURING ACTIVITIES IN THUN ARE EXPECTED TO BE DISCONTINUED BY END OF 2018​.‍RESULTING MEASURES WILL AFFECT UP TO 180 POSITIONS​.‍EXPECTS MOST OF TRANSFORMATION TO BE COMPLETED BY END OF 2018​.‍POSITIVE EBITDA IMPACT OF ABOUT CHF 10 MILLION AS OF FY 2019​.ONE-OFF CASH-RELATED EXTRAORDINARY EXPENSES OF ABOUT CHF 10 MILLION​.ONE-OFF NON-CASH RELATED EXTRAORDINARY CHARGE OF ABOUT CHF 40 MILLION WILL BE RECORDED TO 2017 FY.‍CONFIRMS ITS OUTLOOK FOR NET SALES 2017​.‍ADJUSTS ITS PREVIOUS EBITDA GUIDANCE FOR FISCAL YEAR 2017 TO A LEVEL OF CHF 5-15 MILLION​.  Full Article

Swiss exchange seeks sanctions against Meyer Burger in accounting dispute

ZURICH, June 13 The SIX Swiss stock exchange said on Wednesday it is seeking sanctions against solar panel equipment maker Meyer Burger Technology, contending the company overstated key financial figures in 2016 and 2017.