Elma continuing on growth path

CH-Wetzikon, February 28, 2024 – The Elma Group continued its transformation process in 2023 and increased both order income by 5.5% and net sales by 8.1% compared with the previous year. The company’s profit improved from CHF 4.2 million in the previous year to CHF 5.0 million in 2023. The Board of Directors will propose to the 2024 Annual General Meeting an unchanged dividend payment of CHF 2.00 per share. 

  • Order income increased by 5.5% to CHF 177.0 million (previous year: CHF 167.8 million), adjusted for currency effects +10.8% 
  • Net sales improved by 8.1% to CHF 167.1 million (previous year: CHF 154.7 million), adjusted for currency effects: +13.3%  
  • All regions contributed to the sales growth 
  • EBIT increased to CHF 6.7 million (previous year: 4.6 million) due to higher output in Europe in the systems business and a significantly improved second half of the year in the USA 
  • Profit improved to CHF 5.0 million (previous year: CHF 4.2 million) despite substantially higher tax charges 
  • Net debts increased by CHF 3.4 million to CHF 14.0 million due to higher inventories to ensure delivery capability (previous year: CHF 10.6 million) 
  • Lower equity ratio of 48.6% (December 31, 2022: 51.7%) driven by high currency translation adjustments 
  • Board of Directors proposes the Annual General Meeting a dividend payment of CHF 2.00 per share (previous year: CHF 2.00 per share) 

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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
[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.