Media release

First information on business year 2012

Revenue in second half year 2012 stabilized despite challenging market environment.

Wetzikon, January 25, 2013 - After a challenging first half year of 2012, the second half of the year was also impacted by a difficult market environment and a continued slowdown in order placements. Nevertheless, Elma succeeded to implement operational key initiatives and thus was able to keep the revenue in the second half steady compared to the first half year. In the business year 2012, the Elma Group achieved a total revenue of CHF 111.1 million, a decrease of 5.6% compared to the previous year. Adjusted for currency translation effects, sales fell by 8.6%. The order income of CHF 110.8 million was slightly down 1.4%. Adjusted for currency translation effects, revenue declined by 4.5%. All three regions fell short of expectations due to subdued demand.
Revenue in the Americas region decreased by 1.2%; adjusted for currency translation effects sales dropped by 6.7% to USD 61.4 million. The Europe region declined its sales by 8.2% to CHF 47.5 million; adjusted for currency translation effects, sales decreased by 8.1%. In the Asia region, revenue fell by 21.1% to CHF 6.3 million; adjusted for currency translation effects a decrease of
25.5% was reported.
While order income in the Americas region with an increase of 3.1% in Swiss Francs was positive, it dropped in local currency by 2.6% to USD 61.8 million. In the Europe region, order income decreased by 3.5% to CHF 47.0 million; adjusted for currency translation effects it declined by 3.3%. In Asia, order income remained slow due to low demand from the Chinese railway business and fell by 21.4% to CHF 6.1 million; adjusted for currency translation effects it was down 25.8%.
Due to the difficult economic environment and a weak demand in 2012, Elma has made great efforts to improve the profitability compared to the first half year. Thanks to the initiated operational measures, the EBIT margin developed positively in the second half of 2012 and will consequently close higher than in the first half of 2012.
Detailed information, the full annual statements and the Annual Report of 2012 will be published on March 21, 2013. On the same day, the year end results will be presented at the media and financial analysts' meeting in Zurich. The company's Annual General Meeting will take place on April 25, 2013.
Contact persons:
Elma Electronic AG Hofstrasse 93
8620 Wetzikon
Stephan Bürgin Edwin Wild
CEO Elma Group CFO Elma Group
Tel. +41 44 933 43 04 Tel. +41 44 933 42 45 stephan.buergin@elma.chedwin.wild@elma.ch
Elma Electronic is a global company that designs and manufactures solutions in electronics packaging. The company provides standard to fully customized components such as modular enclosures, cabinets and backplanes up to complete system integration. Elma also manufactures precision rotary switches. The company offers a fast, flexible response to customer needs and extensive practical knowledge in tailoring solutions to specific applications.
Visit our Website: www.elma.com

Media release by Elma Electronic AG, Wetzikon

January 25, 2013

Disclaimer

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 market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Elma's past and future filings and reports and in past and future filings, press releases, reports and other information posted on Elma Group companies' websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Elma disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This Media Release is published in German and in English. Should the English translation differ from the German original, the German version is binding.

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