Elma Electronic : Business of the Elma Group during first half year 201603/06/16

2016-06-03-Business of the Elma Group during first half year 2016 (PDF)

CH-Wetzikon, June 3, 2016 - In the first five months of the current year 2016 the order income of the Elma Group has developed positively and above the previous year (also adjusted for acquisition effects). Due to project delays with key customers in all three regions and judging from today's perspective, the consolidated revenue in the first six months will be below expectations. The Americas region as the largest region of the Elma Group is affected the most by project delays with customers. The integration of the recently acquired Swiss company Trenew Electronic AG into the Elma Group progresses on schedule.

The Elma Group anticipates from today's perspective to close the first half year 2016 with a small negative net income (previous year: net profit of CHF 0.8 million). Detailed information on the interim results of the Elma Group will be published on August 16, 2016.

Contacts:

Elma Electronic AG
Hofstrasse 93
8620 Wetzikon

Fred Ruegg 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 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

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 English. Should the English translation differ from the German original, the German Version is binding.