Elma Group: Significant increase of net profit in first half year 2017 expected15/06/17

CH-Wetzikon, June 16, 2017 - In the first five months of the current business year 2017 the Elma Group has significantly increased order income and net sales compared with the previous year (also adjusted for currency translation effects).

While the first half of the previous year 2016 was still affected by significant project delays with key customers - particularly in the USA as the largest region of the Elma Group - the business situation in the second half of 2016 improved noticeably. This positive development continues in the current business year.

Elma anticipates from today's perspective to close the first half year 2017 with a net profit in the range of CHF 1.0 to 1.5 million (previous year: CHF 0.2 million). All regions contribute to the improved results. The complete interim results and interim report will be published on August 15, 2017.

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.