Maxon Motor Group Presents Good Results

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Revenue of 339.6 million Swiss francs

Maxon Motor Group Presents Good Results
Maxon Motor Group Presents Good Results

The 2011 business year proved to be very positive for the maxon motor Group. Building on the good results of the year before, maxon increased the revenue to 339.6 million Swiss francs. The cash flow amounts to 37 million Swiss francs, allowing the company to finance all investments using own funds only. At the end of 2011, maxon employed more than 2,000 persons at the locations in Sachseln (Switzerland), Sexau (Germany) and Veszprém (Hungary). The export share at maxon is 81.5%. Due to the uncertain economic development worldwide, maxon is hesitant to make predictions for the current business year.
"2011 was characterized by currency declines and massive increases in the prices of commodities, especially magnets. In spite of these obstacles, we reached our targets," said Karl-Walter Braun, majority shareholder of the maxon motor Group, at the annual results media conference. The company exports to all important markets of the world. The largest increases were achieved in Northern America, Scandinavia, as well as Germany and Italy. In Asia, maxon was able to keep the revenue stable, in spite of the decline of the Asian currencies and the events in Fukushima. In Switzerland, maxon recorded very good results. The diversified company is well-established in the fields of medical technology and industrial automation, as well as in the aerospace industries, etc. "With around 2,000 employees, we are large enough to implement ambitious projects, yet still manageable enough to react and decide quickly," says Jürgen Mayer, President of the Board of Directors.

Posted on June 18, 2012 - (446 views)
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