Midsummer 2018 Year-End Report Shows Continued Strong Growth

Midsummer AB, one of the world’s leading developers and suppliers of advanced solar solutions, announced its year-end report for 2018. In that year, Midsummer had revenues of MSEK 218 ($23.7 million) and an operating profit of MSEK 36 ($3.9 million). The order book stood at MSEK 265 ($29 million) on Dec. 31, 2018.
 
Midsummer’s revenues in 2018 amounted to MSEK 218, which is a 90% increase from 2017 when revenues were MSEK 115. The operating profit 2018 of MSEK 36 is an increase of approximately 43% from 2017 when the operating profit was MSEK 25.
 
“2018 was our best year so far,” said Sven Lindström, CEO of Midsummer. “We’ve had a fantastic order intake and can present our best sales and result figures ever. The expansion of our organization continues, and during the first quarter of the year, we have begun moving in production equipment in our new premises near the existing premises near Stockholm, Sweden. This opens up space for increased production of our DUO machines and for our in-house manufacturing of cells and modules.”