LEM Reports Continued Sales Growth and an EBIT Margin of 20.8%

by swisscham in Engineering, Manufacturing

LEM, the market leader in providing innovative and high quality solutions for measuring electrical parameters, announces sales of CHF 65.0 million, an EBIT of CHF 13.5 million and net profit of CHF 10.7 million for Q1 of 2014/15 (1 April to 30 June 2014). ÒWe recorded an encouraging start into the financial year 2014/15 with continued sales growth in Asia. Performance in Europe and North America remained subdued as a consequence of slowing economies and the ongoing transfer of some of our customersÕ operations to China,Ó said Franois Gabella, CEO of LEM. Compared to Q4 of 2013/14, sales in the Industry segment increased by 7.1% to CHF 56.5 million in Q1 of 2014/15. Sales growth was driven by continued progress across all businesses in China, export-led growth in Japan and seasonal factors in the renewable energies businesses. Several of the recently launched products supported the sales performance. Compared to Q1 of 2013/14, sales increased by 5.6%; at constant exchange rates sales increased by 9.9%. Sales in China grew by 50% and in Asia excluding China by 17%. Sales in Europe and North America decreased by 7% and 17% respectively. As a consequence, Asia has become the most important sales region for LEM accounting for 46% of sales, followed by Europe with 42% and North America with 10% of sales.

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