Midsummer Enjoys Record Year in 2016

Midsummer, the Swedish leading technology provider of equipment for cost-effective manufacturing of flexible CIGS thin film solar cells, presents a record result for 2016. Revenues nearly doubled and profits increased, due to several new orders for the company’s DUO thin film solar cell manufacturing system.
 
The year 2016 was an eventful and successful year for Midsummer, filled with several new orders for its compact thin film solar cell manufacturing system DUO. In its Annual Report for 2016, the company announces sales revenues of 60 MSEK ($7 million), up by nearly 100% from the previous year, and an annual profit of 10 MSEK ($1.1 million). To meet the increased market demand, the company hired 15 new employees during the latest year.
 
“2016 was a record year for us,” said Sven Lindström, CEO, Midsummer AB. “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.”