12-08-2019-Elma Interim Result as of June 30, 2019 (PDF)

CH-Wetzikon, August 12, 2019

The Elma Group continued its growth strategy in the first half of 2019, increasing order income and net sales year-on-year. The implementation of the previously announced Vision 2020 in the US was further advanced. The investments in a modern industrial sheet metal production will however substantially strengthen the Elma Group in the long-term; the related relocation and financing cost were mainly responsible for a temporarily lower profitability. In addition, significantly higher project cost on complex customer projects in the Europe region have resulted in Elma closing the first half of the year with a lower net profit compared with the previous year.

  • Order income strongly increased by 14.0% to CHF 83.3 million
  • Net sales grew by 1.1% to CHF 73.3 million
  • EBIT of CHF 2.2 million (previous year: CHF 3.3 million) and net profit of CHF 1.7 million (previous year: CHF 2.4 million) below prior year mainly due to relocation and financing expenses
  • Net debts increased from CHF 17.5 million as at December 31, 2018 to CHF 26.6 million due to high investments
  • Equity ratio of 40.3% slightly lower than at year-end 2018 (43.8%)

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Elma Electronic AG published this content on 12 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2019 05:45:04 UTC