With revenues nearly doubled and profits increased, due to several new orders for the company’s DUO thin film solar cell manufacturing system, Swedish manufacturer Midsummer, presented record result for FY2016. In its Annual Report for 2016, the company announces sales revenues of 60 MSEK, up by nearly 100 per cent from the previous year, and an annual profit of 10 MSEK. To meet the increased market demand the company hired 15 new employees during the latest year.
“2016 was a record year for us. We did some great business, and the market acceptance for our solar energy technology solutions increased, which resulted in several orders for our compact DUO thin film solar cell manufacturing system. The DUO system is now the most widely spread manufacturing tool for flexible CIGS solar cells in the world,” said Sven Lindström, CEO, Midsummer AB.
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