Meyer Burger loses its biggest customer – stock trading stopped

The solar technology company Meyer Burger has announced that its shares cannot currently be bought or sold. SIX announced this on Friday.

The AWP news agency reports, that the company had received a termination letter from its largest customer, Desri.

Meyer Burger is currently analyzing the letter and the situation, the statement says. Due to the termination, Meyer Burger is now practically at an end. “The Company currently believes that, regardless of the validity of such termination, its financial restructuring efforts, which are well advanced, are likely to be adversely affected.”admits the company.

And if this financial restructuring fails, the business would probably no longer be able to continue. Meyer Burger wants to provide “further information in due course”.

It has not yet been confirmed whether this is the reason for the cessation of share trading. The company urgently needs money to survive. It was deeply in the red in the first half of 2024.

rbu with material from AWP and SDA

Update follows…

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