Schaffner Group Increases Sales And Profit In Fiscal 2009/10

In fiscal 2009/10 Schaffner emerged all the stronger from the economic crisis and surpassed even the good results of 2007/8. This was driven by product innovations for the strategic growth markets of energy-efficient drive systems, renewable energies and rail technology as well as the focus on Asia and further operational improvements in manufacturing. Consolidated net sales grew by 41.7% (49.7% in local currencies) to CHF 188.9 million (FY 2008/09: CHF 133.4 million) despite the shortage of electronic components in 2010. Operating profit rose to CHF 15.0 million from a prior-year loss of CHF -9.2 million, the EBIT margin increased to 7.9% from a negative margin of 6.9%, and net profit for the period grew to CHF 12.0 million (prior year: net loss of CHF -10.9 million). In 2009/10 the Schaffner Group recorded a vigorous increase of 56.6% in order intake to CHF 207.3 million (prior year: CHF 132.5 million). Propelled by the positive book-to-bill ratio in fiscal 2009/10, the Group has also made a buoyant start to 2010/11.