Business of the Elma Group in 4th quarter 2015

CH-Wetzikon, December 23, 2015 – Due to a weaker market environment in particular in Europe by  end  of  2015,  the  Elma  Group  anticipates  a  lower  operating  result  than  expected  for  the business  year  2015.  The  regions  Americas  and  Asia  continue  their  performances  according  to expectations.  

The business of the Elma Group has slowed more than expected in particular in Europe by the end of the fourth quarter 2015. Mainly the group company in Switzerland is affected by weak placements of orders. Although the revenue 2015 in the Europe region will most likely confirm the performance of the previous year, the operating result of the Elma Group will be negatively influenced by the weakness of investment in Switzerland  in  the  fourth  quarter.  The  positive  development  of  other  group  companies  however  will  not suffice to absorb this decrease.  

Structural  changes  and  cost-optimization  measures  have  been  initiated  in  particular  in  Switzerland  to optimally align the organization to the new market conditions and improve profitability.

The  recently  acquired  company  Trenew  Electronic  AG  will  be  included  in  the  Group  consolidation  as  of November 2015 for the first time. Elma expects that the acquisition will not have any material impact on the Elma Group’s sales and operating result in the current business year yet.

Elma anticipates that for the business year 2015 the operating result will be positive however significantly lower  than  in  the  previous  year  (previous  year:  CHF  4.1  million).  The  new  Swiss  financial  reporting  law regarding valuation of investments will be applied in the 2015 business year for the first time. The regulation might have a significantly positive impact on the net income of the Elma Group (previous year: CHF  2.3 million).

Elma Electronic AG
Hofstrasse 93
8620 Wetzikon

Fred Ruegg Edwin Wild
CEO Elma Group CFO Elma Group
Tel. +41 44 933 43 04 Tel. +41 44 933 42 45
[email protected]      [email protected]

About Elma
Elma Electronic is a global manufacturer of electronic packaging products for the embedded systems market – from components, backplanes, power supply solutions, storage boards and chassis platforms to fully integrated systems. To ensure our integrated solutions are optimized to our customers’ needs, Elma partners with leading board manufacturers in the industry. Elma also provides enclosure solutions and rotary switches for demanding applications for electronic companies. The company has a broad base of proven standard products which can be tailored to individual applications: Elma offers services from the initial concept to volume production. Elma’s reliable solutions, flexibility, and design expertise are key reasons why the leading companies in the world choose Elma time and again.
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