Komax Group - Preliminary results for 2011
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Komax Holding AG /
Komax Group - Preliminary results for 2011
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The issuer is solely responsible for the content of this announcement.
Komax achieves further strong sales growth
The Komax Group achieved pleasing growth once more in fiscal 2011. New orders
totalled CHF 380.4 million (+7%), while revenues rose 9% to around CHF 370
million (2010: CHF 340.2 million). The Group's annual financial statements and
Annual Report will be published at the media conference and analysts'
presentation to be held on 20 March 2012 in Zurich.
The Wire business unit
Komax Wire enjoyed an excellent year. Growth continued at a high level. Assisted
by the reinvigorated automotive industry, the business unit benefitted from
demand in a broad spread of geographical regions and from its diversified
customer base.
The Solar business unit
Major excess capacity and an accelerating slide in solar module prices pushed
the solar industry into decline from mid-year. As a result, solar module
manufacturers slipped into the red, some of them even encountering difficulties
in making payments. This unfavourable setting resulted in a huge drop in new
orders and corresponding fall in revenues at Komax Solar during the second half
of the year. However, the business unit benefitted from a good order backlog at
the end of the first quarter, and was nevertheless able to increase sales on the
previous year.
The Medtech business unit
In 2011 Komax Medtech focused particularly on improving profitability, which it
aims to achieve by a more selective approach to choosing projects. After a
strong second half, the business unit generated sales that were only slightly
below year-back levels despite the challenging economic environment. Its
strategy of concentrating more heavily on projects likely to bring repeat
business is paying off.
For further information, please contact:
Marco Knuchel phone +41 41 455 06 16
Head Investor Relations / Corporate Communications fax +41 41 450 10 24
www.komaxgroup.com marco.knuchel(at)komaxgroup.com
The Komax Group is a leading manufacturer of wire processing machines, machines
for the production of modules for the photovoltaics market and machine systems
for the manufacture of inhalers and insulin delivery or injection systems. It
employs a workforce of around 1,000 people. Alongside production facilities in
Switzerland, France, the United States, Malaysia and China, Komax also provides
sales and service support via subsidiaries and independent agents in over 50
countries.
The media release can be downloaded from the following link:
Media release (PDF):
http://hugin.info/100418/R/1577954/492132.pdf
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Source: Komax Holding AG via Thomson Reuters ONE
[HUG#1577954]
Unternehmensinformation / Kurzprofil:
Datum: 17.01.2012 - 07:01 Uhr
Sprache: Deutsch
News-ID 104490
Anzahl Zeichen: 3705
contact information:
Town:
Dierikon-LU
Kategorie:
Business News
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