Komax Holding AG: Media release - Preliminary information on 2012 financial year
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Komax Holding AG: Media release - Preliminary information on 2012 financial year
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The business climate observed in the first half of 2012 persisted during the
second half. Order intake totalled CHF 287.9 million (2011: CHF 380.4 million),
while revenues came to around CHF 285 million (2011: CHF 371.4 million). The
Group's annual financial statements and Annual Report will be published at the
press conference and analysts' presentation to be held on 19 March 2013 in
Zurich.
Komax Wire followed on from 2011's good results with an excellent year. At CHF
231.1 million (CHF 214.1 million after adjustment for acquisitions), order
intake remained at a high level (2011: CHF 232.3 million). The business unit
profited materially from the automotive industry, which remains in good shape in
many areas. Komax Wire's global presence and worldwide customer network proved
effective in balancing out the varying rates of development in the different
geographical markets. Furthermore, the acquisitions made during the year proved
successful. The integration of TSK Group and MCM Cosmic KK into Komax Wire is
proceeding on schedule. In view of the brisk business experienced in the fourth
quarter of 2012 and at the start of 2013, Komax Wire expects the new year to get
off to a good start.
In 2012, Komax Solar was unable to escape the severe crisis that has hit the
solar industry. The market for solar module manufacturing equipment slumped by
about 90% compared to the previous year. As a result, Komax Solar's order intake
was an extremely modest CHF 9.0 million (2011: CHF 63.7 million). In view of
this development and the lack of any signs of a rapid recovery, the business
unit took far-reaching measures during the year to adapt its structures to
demand. As a result, headcount fell by more than 50% during 2012. The staffing
reductions primarily affected the sites in York (PA), USA, and other locations
outside Switzerland. Despite these stringent measures, the expertise needed to
continuously develop processes and products was secured at the centre of
excellence in the US. Consequently, Komax Solar is in a position to successfully
defend its strong competitive position when the expected market recovery occurs.
That being said, demand is not expected to improve before 2014.
2012 proved to be a very challenging year for Komax Medtech, marked by ongoing
uncertainty about economic development in Europe. As result of this uncertainty,
investment decisions on the procurement of new systems were delayed. The
persistent strength of the Swiss franc further exacerbated the situation. Order
intake consequently collapsed, totalling just CHF 47.8 million (2011: CHF 84.4
million). The business unit's centre of excellence at La Chaux-de-Fonds was
hardest hit and was obliged to introduce short-time working for its entire
workforce in June. This move had the effect of safeguarding the expertise
available within the company. Short-time working was lifted in December after an
increasing number of expected orders arrived towards the end of the fourth
quarter and prospects improved. Furthermore, Komax has signed a memorandum of
understanding with Doerfer Companies covering strategic collaboration in the
medtech sector. Doerfer Companies is a leading American manufacturer of
automation solutions and operates primarily in the USA and Asia. Collaboration
will enable Komax to further strengthen its market position and improve
profitability of its medtech business.
Financial calendar
Media briefing/presentation for analysts of 2012 19 March 2013
financial statements
Annual General Meeting 3 May 2013
First-half results 2013 20 August 2013
First information on the year 2013 21 January 2014
For more information, please contact:
Marco Knuchel Phone +41 41 455 06 16
Head Investor Relations / Corporate marco.knuchel(at)komaxgroup.com
Communications
The Komax Group is a global technology company that focuses on markets in the
automation sector. As a leading manufacturer of innovative and high-quality
solutions for the wire processing industry, for the production of modules for
the photovoltaics market and for systems for the manufacture of self-medication
solutions, Komax helps its customers implement economical and safe manufacturing
processes, especially in the automotive supply, solar panel and pharmaceutical
sectors. The Komax Group employs around 1 350 people worldwide and provides
sales and service support via subsidiaries and independent agents in around 60
countries.
The media release can be downloaded from the following link:
Media release (PDF):
http://hugin.info/100418/R/1670272/542753.pdf
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Source: Komax Holding AG via Thomson Reuters ONE
[HUG#1670272]
Unternehmensinformation / Kurzprofil:
Datum: 15.01.2013 - 07:01 Uhr
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News-ID 219394
Anzahl Zeichen: 6084
contact information:
Town:
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Kategorie:
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