Elma grows, increases net profit and proposes dividend payment

CH-Wetzikon, February 24, 2022 – The Elma Group increases order income, net sales, operating and net profit in the business year 2021 and resumes dividend payment. 

  • Order income of CHF 160.3 million increased by 5.3% adjusted for currency effects (previous year: CHF 153.3 million)
  • Net sales of CHF 149.3 million improved by 2.5% adjusted for currency effects (previous year: CHF 147.0 million)
  • EBIT increased to CHF 9.1 million (previous year: CHF 6.6 million) due to operational improvements in the USA and strong output in Asia and Switzerland
  • Net profit improved to CHF 7.5 million (previous year: CHF 5.6 million) despite higher tax charges
  • All three regions made a positive profit contribution 
  • Repayment of bank liabilities led to lower net debts of CHF 14.3 million (previous year: CHF 16.9 million)
  • Equity ratio further improved to 51.8% (December 31, 2020: 46.4%)
  • Board of Directors proposes the Annual General Meeting a dividend payment for the first time since 2008 of CHF 2.00 per share 
  • Election of Bruno Cathomen as fifth member of the Board of Directors proposed
  • Four Military & Aerospace Engineering Technology Innovation Awards received

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Contacts:

Elma Electronic AG
Hofstrasse 93
8620 Wetzikon

Thomas Herrmann                            Edwin Wild
CEO Elma Group                              CFO Elma Group
Tel. +41 44 933 43 04                       Tel. +41 44 933 42 45
thomas.herrma[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.