Elma - Good results in the first half 2021
Implementation of the US production strategy and increased market activities show first success
In the first half of 2021, the Elma Group significantly increased order income, net sales and net profit compared with the previous year. In addition to a pandemic-related pent-up demand from customers, the optimization of production processes in the USA and focused market activities were equally successful. Besides higher net sales, the Americas region made significant progress in the operational activities which had a positive impact on the regional results compared with the previous year. In the Europe region, net sales remained behind the previous year despite the high order income, yet the companies in Switzerland, Germany and the UK increased their operational performance compared with the previous year and thus improved the regional results substantially. The Asia region progressed both in terms of sales and operations and closed the half-year 2021 with a very good performance.
- Order income increased by 5.3% to CHF 83.5 million (previous year: CHF 79.2 million)
- Net sales of CHF 74.8 million 9.5% higher (previous year: CHF 68.3 million)
- EBIT improved to CHF 3.0 million (previous year: 0.7 million) and net profit to CHF 2.3 million (previous year: CHF 0.8 million)
- All three regions with a positive profit contribution
- Operating cash flow increased to CHF 5.5 million (previous year: CHF 2.7 million)
- Net debts reduced by CHF 3.7 million to CHF 13.2 million (31.12.2020: CHF 16.9 million)
- Equity ratio improved to 47.6% (31.12.2020: 46.4%)
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.