LEM Holding SA Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 06, 2023 at 03:53 am EST
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LEM Holding SA reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was CHF 103.5 million compared to CHF 91.8 million a year ago. Net income was CHF 20.1 million compared to CHF 18.5 million a year ago.
For the nine months, sales was CHF 301.6 million compared to CHF 275.5 million a year ago. Net income was CHF 55.3 million compared to CHF 53.7 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 
