Elma Group expecting significant increase in net profit for business year 2018

CH-Wetzikon, December 14, 2018 - In the first eleven months of the current business year 2018, the Elma Group has improved order income and net sales as well as significantly increased net profit compared with the previous year (also adjusted for currency translation effects).

In the currently favorable market environment, the Elma Group has developed positively. From today’s perspective, Elma anticipates to close the business year 2018 with a significantly higher net profit of over CHF 5 million (previous year: CHF 3.0 million).

The complete annual financial statements and the Annual Report 2018 of the Elma Group will be published on February 25, 2019.

Contacts:
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.
Disclaimer
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.