Komax Holding AG: Healthy growth in 2014
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Komax Holding AG /
Komax Holding AG: Healthy growth in 2014
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Order intake from continuing operations increased by 6.9% to CHF 367.7 million
(2013: CHF 343.9 million). Revenues from continuing operations rose by more than
11% to a good CHF 360 million (2013: CHF 324.0 million). These figures do not
contain the contribution of the Solar segment, since this business has now been
sold. The prior-year figures have accordingly been adjusted for comparative
purposes. The Group's annual financial statements and Annual Report will be
published at the press conference and analysts' presentation to be held on 24
March 2015.
Komax Wire
Komax Wire once again exceeded the previous year's impressive performance. Order
intake increased by 12.5% to CHF 302.6 million (2013: CHF 268.9 million). After
adjustment for acquisition effects, growth amounted to some 7%. After an already
pleasing first half, demand continued to pick up in the second half of the year,
buoyed by the healthy state of the automotive industry. Other end consumer
markets such as the household goods, electronics, and telecommunications
equipment industries likewise displayed robust development, albeit without
matching the momentum of the automotive industry. The Europe, Africa and Asia
regions generated strong growth in 2014. By contrast, the North/South America
region did not match last year's performance. The partnership with SLE quality
engineering developed in a very satisfying way. Komax Wire will continue to
systematically pursue its current growth strategy with a view to further
expanding its leading market position. In view of the lively development of
business in the fourth quarter of 2014, the persistently healthy market
environment, and a strong order book, Komax Wire is expecting a good start to
the New Year.
Komax Medtech
Order intake at Komax Medtech weakened increasingly as the year progressed, as
customers postponed their announced capacity increases for the assembly of
medical devices. This had repercussions for the site at La Chaux-de-Fonds. By
contrast, the US and Malaysia enjoyed a good year. Order intake amounted to CHF
65.1 million (2013: CHF 75.0 million).
Komax Solar
The Solar business was sold as part of a management buyout, with the new owners
taking over the reins of responsibility with effect from 1 October 2014. For the
time being, Komax still holds a minority stake of 25%. The corresponding figures
in the financial statements are drawn up in line with IFRS 5, whereby these are
summarized as "result from discontinued operations" in the income statement. The
previous year's figures will be adjusted accordingly.
Foreign currency impact
Komax is also affected by the Swiss National Bank's surprise decision to abandon
the minimum Swiss franc-euro exchange rate. By taking a raft of extensive
measures, however, we have always succeeded in absorbing the effects of exchange
rate fluctuations and safeguarding the Group's profitability in the past. We
will now take further steps to actively enhance the congruence between income
and expenditure in the various currencies and strengthen natural currency
hedging. By doing so, we are confident of being able to compensate for the
currency losses in the medium term. We continue to generate a significant
proportion of our value in Switzerland as we find an ideal framework and achieve
high productivity here.
Financial calendar
Media briefing/presentation to analysts of 2014 financial
statements 24 March 2015
Annual General Meeting 8 May 2015
First-half results 2015 18 August 2015
Preliminary information on 2015 financial year 19 January 2016
For further information, please contact:
Marco Knuchel Phone +41 41 455 06 16
Head Investor Relations / Corporate
Communications marco.knuchel(at)komaxgroup.com
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 and systems for the manufacture of
self-medication solutions, Komax helps its customers implement economical and
safe manufacturing processes, especially in the automotive supply and
pharmaceutical sectors. The Komax Group employs around 1,500 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/1888130/668101.pdf
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Source: Komax Holding AG via GlobeNewswire
[HUG#1888130]
Unternehmensinformation / Kurzprofil:
Datum: 20.01.2015 - 07:01 Uhr
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News-ID 365364
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