Lem Holding Sa Reports Earnings Results for the Third Quarter Ended December 30, 2020
February 04, 2021 at 03:19 am EST
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LEM Holding SA announced earnings results for the third quarter ended December 30, 2020. For the third quarter, the company announced sales was CHF 74.1 million compared to CHF 76.7 million a year ago. Net income was CHF 12.6 million compared to CHF 26.9 million a year ago. For the nine months, sales was CHF 218.2 million compared to CHF 235.8 million a year ago. Net income was CHF 36 million compared to CHF 52 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 
