Schaffner Group with further Increase in Sales and Earnings

  Enquire / contact me

Net sales CHF 99.2 million, EBIT CHF 9.0 million, net profit CHF 7.2 million

Schaffner Group with further Increase in Sales and Earnings
Schaffner Group with further Increase in Sales and Earnings

The Schaffner Group continued to grow during the first half of fiscal 2010/11 and considerably exceeded the previous year’s results. Growth in China, expansion of sales operations in the Asia-Pacific region and product innovations contributed to these results as did strong demand from the photovoltaic industry. Consolidated net sales increased by 17.2% (28.7% in local currencies) to CHF 99.2 million (HY1 2009/10: CHF 84.6 million). The operating result rose to CHF 9.0 million (CHF 5.6 million), while the EBIT margin expanded to 9.1% (6.6%) and net profit increased to CHF 7.2 million (CHF 3.8 million). During the first six months of fiscal 2010/11, the Schaffner Group posted order intake of CHF 102.3 million (CHF 98.3 million), with a book-to-bill ratio of 1.03.
Demand remains high for EMC and power quality solutions for use in energy-efficient drive systems and electronic motor controls as well as rail technology. Some late-cyclical EMC markets – particularly for machine tools and robotics – are continuing to recover. The new power quality products as well as market share gains among distribution customers are supporting the business volume. Sales on the automotive market are experiencing consistent growth at a high level. After last year’s strong showing, only the photovoltaic market is likely to see a drop in demand. Assuming that exchange rates remain basically stable, the Schaffner Group expects that sales and the operating result for the second half-year will be comparable to the first half, which, assuming largely steady exchange rates, would indicate a sales figure for fiscal 2010/11 of approximately CHF 200 million and an EBIT margin of at least 9.0%.
The picture shows Alexander Hagemann, Schaffner's Chief Executive Officer.

Posted on May 31, 2011 - (18004 views)
by
Related articles
BASF Corporation leads a commercial demonstration with ExxonMobil
Measuring the Position of Hydraulic and Telescopic Cylinders
Smart Plastics for Smart Maintenance
Stop wasting time on network commissioning reports
"Change is a Collection of Processes''
Novotema Celebrates its 40th Anniversary
TEL 10WI Series
AI Convention Europe Presents KAPTAIN
Honeywell Becomes Principal Member of ODVA
Faulhaber Lands in Italy
Abu Dhabi International Petroleum Exhibition & Conference
Connect Everything with eFactory
Sensing Innovation in Process and Control
Mechatronic Products
SENSORS & INSTRUMENTATION for Test Measurement & Control
IIoT I/O Series
Hannay Reel Hose and Cable Reels
SPS IPC Drives 2018 - Free Ticket
Level Switches
Ultrasonic Flowmeter for Air
Compact True Color Sensor
A new performance class in inductive displacement measurements
Positioning System
Torque Limiter
Ultrasonic Flowmeters for Compressed Air
Isolated 4-port PSE Controller
Multifunction Panel Meters DCM20 series
450 Watt Medical Power Supplies
Portable Emissions Analyzer E8500 plus
Photovoltaic Fuse Holder
Measuring the Position of Hydraulic and Telescopic Cylinders
AI Convention Europe Presents KAPTAIN
Ultrasonic Flowmeters for Compressed Air
JDN Mini 24/07
Motion Controller from FAULHABER with STO shutdown
Temperature control technology
Multi-tasking Communication Server
Guidance Systems for Higher Duty XTS Applications
Advanced Humanoid Robot Hand
Virtual Personal Assistant ODP S3