DOTTIKON ES - Higher Sales and Net Income
Dottikon, Switzerland, May 29, 2015 - SIX-listed DOTTIKON ES HOLDING AG closed its business year 2014/15 on March 31, 2015.
- Net sales of DOTTIKON ES Group once again increased by 7% to CHF 96.5 million in comparison with the previous year
- After four years, DOTTIKON ES Group again reports a net income of CHF 1.3 million with a net income margin of 1.4% (previous year: -2.9%)
- The operating cash flow was CHF 11.4 million, an increase of approximately 36%
- Cash and cash equivalents amount to CHF 29.1 million at the end of the reporting year. The equity ratio remains at 86.4%
- DOTTIKON ES plans a significant increase in investments in the coming three years in order to achieve the expected net sales growth in the medium term
- Therefore, the Board of Directors of DOTTIKON ES HOLDING AG will propose to this year's Annual General Meeting that no dividend be paid and that the entire retained earnings be carried forward to new account
- All members of the Board of Directors and of the remuneration committee will stand for reelection: Dr. Markus Blocher as Chairman, Dr. Thomas Früh as Deputy Chairman, and Dr. Alfred Scheidegger as member
- To emphasize the importance of the technical vocational education, DOTTIKON ES dedicates this year's Condensed Annual Report to its production employees
Assessment of situation
Despite a moderate recovery of the global economy, uncertainties persist. Economic, fiscal and military conflicts have increased around the world, resulting in a surge of migration and in significant changes in cultural values. In addition, the long-term impact of the expansive fiscal policy and its approaching end remain largely unforeseeable. With the rise of regionalization, values such as trust, reliability, and sustainability - along with cultural and regional proximity - become increasingly important.
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