Elma Electronic AG : Revenue grows by 9.1% in local currencies

Media information

Interim Report at September 30, 2011

Revenue grows by 9.1% in local currencies – currency effects leave their mark

Wetzikon, October 14, 2011 – In the first nine months of the business year 2011, Elma posted consolidated revenue of CHF 90.1 million. Compared to the previous year, this represents an increase of 9.1% in local currencies and a decline of 5.6% in Swiss Francs. Thus, revenue in local currencies exceeded the previous year’s figures in all three regions. Currency translation effects also reduced the order income by 11.2% to CHF 87.0 million. Adjusted for currency translation effects, the order income went up by 2.6%.
All three regions increased their revenue in local currencies. However, after translation into Swiss Francs, Elma Group had to record a decline in revenue. By further expanding the system business, the Americas region gained more market share and increased its revenue in the first nine months by 14.5% (adjusted for currency translation effects), in Swiss Francs revenue declined by 5.9%. The Europe region also achieved growth in revenue of 3.8% (adjusted for currency translation effects), in Swiss Francs a decline of 3.6% had to be recorded. In the Asia region, revenue was increased by 3.6% (adjusted for currency translation effects) compared to the previous year, in Swiss Francs it declined by 14.9%.
Order income increased in the Americas region by 13.0% when adjusted for currency translation effects (in Swiss Francs -7.1%), whereas in the Europe region a decline was recorded both when adjusted for currency translation effects (-9.4%) as well as in Swiss Francs (-15.8%). In the Asia region, order income increased by 10.9% when adjusted for currency translation effects compared to the previous year (in Swiss Francs
-8.9%).
Contacts:
Elma Electronic AG Hofstrasse 93
CH-8620 Wetzikon
Stephan Bürgin Edwin Wild
CEO Elma Group CFO Elma Group
Tel. [phone] Tel. [phone] [e-mail] [e-mail]
Elma Electronic is a worldwide provider of solutions for the construction of enclosure systems for electronics. The product range extends from 19” electronic packaging components to modular enclosures, cabinets and backplanes through to complete system platforms. Elma also produces rotary switches for electronic applications. The flexibility that allows customer requirements to be met and our many years of experience in the development and production of components and systems for complex applications distinguish Elma as a reliable partner.
Please visit our website: www.elma.com

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This communication contains statements that constitute “forward-looking statements”. In this communication, such forward- looking statements include, without limitation, statements relating to our financial condition, results of operations and
business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks
and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Elma’s ability to control or estimate precisely, such as future
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