A Difficult Year Well Mastered

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maxon motor Group increases revenue in 2012

From the left to the right: Jürgen Mayer (Chairman of the Board of Directors), Dr. Karl-Walter Braun (Majority Shareholder of maxon motor ag), Eugen Elmiger (CEO)
From the left to the right: Jürgen Mayer (Chairman of the Board of Directors), Dr. Karl-Walter Braun (Majority Shareholder of maxon motor ag), Eugen Elmiger (CEO)

The maxon motor Group looks back on a successful business year 2012. In spite of modest market development, high commodity prices and the strong Swiss franc, maxon increased its revenue to CHF 360.5 million (+6.2%) in comparison to the previous year. The cash flow remained practically unchanged at CHF 36.9 million. At the end of 2012, the company employed 2,077 employees (+58) in Sachseln (Switzerland), Sexau (Germany), Veszprém (Hungary) and at the new location in Sejong (South Korea). The investments in research and development, which represent approx. 10% of the total revenue, reached a new record value. In 2012, maxon introduced a completely new DCX motor and gearhead series, with the option of configuring and ordering motors, gearheads and encoders directly online. As the market development is currently difficult to predict, maxon is assuming a 2013 revenue similar to 2012.

"In the past ten years, we have doubled the revenue to CHF 360 million," said Karl-Walter Braun at the annual media conference. The strong Swiss franc continues to be a problem for the company. On the other hand, there has been some relief regarding the prices for magnets containing rare earths. Where generating revenue is concerned, medical technology has become the strongest field, with a share of 45%, followed by industrial automation and technology (approx. 25%). "The fields of industrial automation and aerospace technology have shown positive development. The project pipeline is full and promising," reported Karl-Walter Braun.

To keep up with the growth, the maxon motor Group has invested approx. CHF 35 million in the infrastructure. In Hungary, a new factory was bought and in South Korea, a new production site was set up. The US headquarters was expanded to include a prototyping building and in Sexau, a new manufacturing hall for special gearheads is close to completion.

Posted on July 1, 2013 - (65 views)
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