Elma Interim Results 2022:
Strong increase in order income, operational business slowed down by shortages in the supply chains and lockdown in China
Thanks to the ongoing high demand for their products and services, the Elma Group has again significantly increased order income in the first half of 2022. Despite shortages in the supply chains and a two-months lockdown in China, Elma succeeded to keep net sales at the previous year’s level. While the companies in Europe and Asia made a positive profit contribution, the entities in the USA reported a loss as a result of supply shortages. Overall, Elma achieved a net profit of CHF 1.4 million. Net debts were reduced. As of June 30, 2022, the equity ratio was over 50%.
- Order income increased by 7.7% to CHF 89.9 million (previous year: CHF 83.5 million)
- Net sales of CHF 74.7 million at previous year’s level (previous year: CHF 74.8 million)
- EBIT of CHF 1.0 million (previous year: CHF 3.0 million); net profit of CHF 1.4 million (previous year: CHF 2.3 million)
- Cash flow from operating activities of CHF 5.6 million slightly improved (previous year: CHF 5.5 million)
- Net debts further reduced by CHF 4.3 million to CHF 10.0 million (December 31, 2021: CHF 14.3 million)
- Solid equity ratio of 50.4% (December 31, 2021: 51.8%)
- Important system order received from the automotive industry for autonomous driving in Germany
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.