Business of the Elma Group during first half year 2016

CH-Wetzikon, June 3, 2016 – In the first five months of the current year 2016 the order income of the Elma Group has developed positively and above the previous year (also adjusted for acquisition effects). Due to project delays with key customers in all three regions and judging from today’s perspective, the consolidated revenue in the first six months will be below expectations. The Americas region as the largest region of the Elma Group is affected the most by project delays with customers. The integration of the recently acquired Swiss company Trenew Electronic AG into the Elma Group progresses on schedule.

The Elma Group anticipates from today’s perspective to close the first half year 2016 with a small negative net income (previous year: net profit of CHF 0.8 million). Detailed information on the interim results of the Elma Group will be published on August 16, 2016.

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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