Carlo Gavazzi: improvement of all key figures
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Carlo Gavazzi Holding AG /
Carlo Gavazzi: improvement of all key figures
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Steinhausen, November 23, 2010 - Market conditions in all regions served by
Carlo Gavazzi improved substantially in the reporting period. As a result of the
increased demand from customers and the launch of new products, the Zug-based
electronics group achieved a strong result in the first semester of the current
financial year ended September 30, 2010. Compared with the same period of the
previous period, bookings rose by 50% to CHF 108.9 million and revenues by 29%
to CHF 90.8 million, As a consequence of the revenue increase, EBIT improved
from CHF 3.4 million to CHF 11.1 million, reaching 12.2% (versus 4.8% in the
previous period) of revenue, and net income rose from CHF 1.6 million to CHF
7.5 million.
These positive results, reported in Swiss francs, were achieved despite the
negative currency effect which impacted revenue, EBIT and net income by around
10%.
As of today, it is difficult to assess whether the favorable economic climate
experienced in the first half-year will persist in the second semester. For the
full year, the group remains cautiously optimistic and is determined to achieve
a financial performance well above the one of the previous year.
Carlo Gavazzi has changed the group's accounting principles from US-GAAP to IFRS
starting with the current financial year. The Interim Report, available on the
group's website, reflects the impact of these changes and includes all the
details in its financial section.
Please click on the link below to access the full 2010 Interim Report of the
Carlo Gavazzi Group.
http://www.carlogavazzi.com/en/investors/interim-report.html
About Carlo Gavazzi:
Carlo Gavazzi is a publicly quoted (SIX: GAV) international electronics group
with activities in the design and marketing of electronic control components for
factory and building automation.
Please visit our website: www.carlogavazzi.com
For further information please contact:
Felix Stöcklin
Head of Corporate Communications
Carlo Gavazzi Holding AG
Phone +41 41 747 45 26
E-Mail felix.stoecklin(at)carlogavazzi.ch
Please note that as announced earlier, Felix Stöcklin will retire at the end of
2010. As per January 1, 2011, contact:
Rolf Schläpfer, Hirzel. Neef. Schmid. Konsulenten
Phone +41 43 344 42 42
E-Mail rolf.schlaepfer(at)konsulenten.ch
[HUG#1464676]
--- End of Message ---
Carlo Gavazzi Holding AG
PO Box 152 Steinhausen null
ISIN: CH0011003594;
Press release (PDF) :
http://hugin.info/100205/R/1464676/403075.pdf
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Source: Carlo Gavazzi Holding AG via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 23.11.2010 - 06:45 Uhr
Sprache: Deutsch
News-ID 49007
Anzahl Zeichen: 3628
contact information:
Town:
Steinhausen
Kategorie:
Business News
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