Elma Group: Significant increase of net profit in first half year 2017 expected

CH-Wetzikon, June 16, 2017 - In the first five months of the current business year 2017 the Elma Group has significantly increased  order income and net  sales compared with the previous  year (also adjusted for currency translation effects). 

While  the  first  half  of  the  previous  year  2016  was  still  affected  by  significant  project  delays  with  key customers - particularly in the USA as the largest region of the Elma Group - the business situation in the second half of 2016 improved noticeably. This positive development continues in the current business year.
Elma anticipates from today’s perspective to close the first half year 2017 with a net profit in the range of CHF 1.0 to 1.5 million (previous year: CHF 0.2 million). All regions contribute to the improved results. The complete interim results and interim report will be published on August 15, 2017.
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.
This communication contains statements that constitute “forward-looking statements”. In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Elma’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Elma’s past and future filings and reports and in past and future filings, press releases, reports and other information posted on Elma Group companies’ websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Elma disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.