Meyer Burger Technology Ltd

MBTN

Equity

ISIN CH1357065999 / Valor 135706599

SIX Swiss Exchange (2024-11-22)

CHF 0.38+15.0%

Meyer Burger Technology Ltd
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Meyer Burger Technology Ltd, known by its Valor number 135706599, is a publicly traded company. The stock of the company is available through the stock provider SIX Swiss Exchange. As of 22.11.2024, the current price of the stock is CHF 0.3796. The latest price change for this stock is 15.03%, which reflects the market’s response to various factors such as company performance, industry trends, and global economic conditions. The company has been evaluated by users of Umushroom, and has received a rating of 0 stars.

Summarized from source with an LLMView SourceSector: Technology

Total Sales

Meyer Burger Technology Ltd's total sales for the fiscal year 2023 amounted to CHF 135 million. This reflects the challenging market conditions in Europe, which have impacted the company's revenue generation.

EBITDA Loss

The company reported an EBITDA loss of CHF 126 million for the fiscal year 2023. This loss is attributed to the initial write-down of inventory in Europe, as well as ramp-up costs and production below run-rate volumes given the market conditions.

Cash Position

As of December 31, 2023, Meyer Burger Technology Ltd's cash position stood at approximately CHF 150 million. The company is currently discussing several additional financing opportunities to bolster its financial standing.

Market Conditions

The European market experienced significant oversupply in FY23, driven by a sharp increase in Chinese production capacity and trade restrictions imposed by India and the United States. This has led to a distorted market environment, affecting Meyer Burger Technology Ltd's financial performance.

U.S. Production Outlook

Meyer Burger Technology Ltd's construction of 2.0 GW U.S. cell and module facilities is on track for an expected start of production in Q2 2024. This development is part of the company's strategy to capture growth opportunities in the U.S. market.

Summarized from source with an LLMView Source

Key figures

-99.5%1Y

-99.7%3Y

-99.4%5Y

Performance

149%1Y

99.4%3Y

92.0%5Y

Volatility