LEM Holding SA Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
February 04, 2022 at 10:34 am EST
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LEM Holding SA reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was CHF 91.8 million compared to CHF 74.1 million a year ago. Net income was CHF 18.5 million compared to CHF 12.6 million a year ago.
For the nine months, sales was CHF 275.5 million compared to CHF 218.2 million a year ago. Net income was CHF 53.7 million compared to CHF 36 million a year ago.
Lem Holding SA is Switzerland-based holding company engaged in the electric measurement industry sector. The Company's core products are transducers for measuring electrical parameters like current and voltage, which are used in the industrial, traction, automation and automotive markets. The Company is organized, along with its subsidiaries, into two segments: the Industry segment develops, manufactures and sells electronic components called transducers for the measurement of current and voltage of various industrial applications, and the Automotive segment develops, manufactures and sells transducers for applications in automotive markets. The Companyâs current and voltage transducers are also used in alternating current and direct current (AC/DC) converters, uninterrupted power supply systems for computers, as well as in micro turbines, wind and solar power generation. The Company has production plants in Beijing, China; Geneva, Switzerland; Machida, Japan, and Sofia, Bulgaria.
LEM HOLDING SA 
