Elma Electronic: grows, increases its net income and offers the payment of dividends


Elma grows, increases her net profit and proposes the payment of dividends

CH-Wetzikon, February 24, 2022 – The Elma Group increases its order revenue, net sales, operating result and net result in the financial year 2021 and resumes the payment of the dividend.

  • Order revenue 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 up 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) thanks to operational improvements in the US and strong production in Asia and Switzerland

  • Net profit up to CHF 7.5 million (previous year: CHF 5.6 million) despite higher tax charges

  • All three regions made a positive profit contribution

  • Reimbursement of bank commitments resulted in a decrease in net debt of CHF 14.3 million (previous year: CHF 16.9 million)

  • The equity ratio further improved to 51.8% (31 December 2020: 46.4%)

  • The Board of Directors proposes to the Annual General Meeting a dividend payment for the first time since 2008 of CHF 2.00 per share

  • Proposal for the election of Bruno Cathomen as fifth member of the Board of Directors

  • Four awards for technological innovation in military and aerospace engineering were awarded

>> Learn more

contacts:

Elma Electronics SA
Hofstraße 93
8620 Wetzikon

Thomas Hermann Edwin Wild
CEO Groupe Elma Chief Financial Officer Groupe Elma
Phone. +41 44 933 43 04 Tel. +41 44 933 42 45
[email protected][email protected]

About Elma
Elma Electronic is a global manufacturer of electronics packaging products for the embedded systems market – from components, backplanes, power solutions, storage cards and chassis platforms to fully integrated systems. To ensure that our integrated solutions are optimized for our customers’ needs, Elma partners with leading card manufacturers in the industry. Elma also provides enclosure solutions and rotary switches for demanding electronics business applications. The company has a large base of proven standard products that can be adapted to individual applications: Elma offers services from initial concept to series production. Elma’s reliable solutions, flexibility and design expertise are the main reasons why the world’s leading companies choose Elma time and time again.

Warning
This communication contains statements that constitute “forward-looking statements”. In this communication, such forward-looking statements include, but are not limited to, statements relating to our financial condition, our 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 or implied by the statements. Many of these risks and uncertainties relate to factors beyond Elma’s ability to control or accurately estimate, such as future market conditions, currency fluctuations, the behavior of other market participants , actions of governmental regulators and other risk factors detailed in past and future filings and reports and in past and future filings, press releases, reports and other information posted on the websites of the Elma Group companies . Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as 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.

Warning

Elma Electronics SA published this content on February 24, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on February 24, 2022 05:01:02 UTC.

About Matthew R. Dailey

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