-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Aspocomp Releases Half-Year Financial Report 2018
August 9, 2018 | AspocompEstimated reading time: 4 minutes
In 2018, Aspocomp’s net sales is expected to grow over 10% and the operating result to double compared with 2017. In 2017, net sales amounted to EUR 23.9 million and the operating result to EUR 0.8 million.
Key Figures April-June 2018
- Net sales: EUR 7.7 million (EUR 5.7 million)
- EBITDA: EUR 1.1 million (0.4)
- Operating result: EUR 0.8 million (0.1)
- Earnings per share: EUR 0.12 (0.01)
Key Figures January-June 2018
- Net sales: EUR 13.8 million (EUR 11.6 million)
- EBITDA: EUR 1.6 million (0.9)
- Operating result: EUR 1.1 million (0.3)
- Earnings per share: EUR 0.15 (0.05)
- Operational cash flow: EUR 0.7 million (1.1)
- Order book at the end of period: EUR 3.1 million (2.4)
CEO’s Review
“Sales growth picked up in the second quarter. Net sales amounted to EUR 7.7 million, a year-on-year increase of 35%. Net sales in the first half of the year increased by 19% compared to last year’s reference period, amounting to EUR 13.8 million.
Sales grew in almost all customer segments, with the exception of the security and defense segments. The largest growth in the first half of the year was generated by the automotive industry, but the second-quarter pick-up was boosted particularly by the increased demand for next-generation 5G telecommunications networks. The industrial electronics and semiconductor testing segments continued to enjoy good steady growth. The order book strengthened clearly and amounted to EUR 3.1 million.
The operating result for April-June grew to EUR 0.8 million. The operating profit margin rose to over 10%. The positive development of the operating result was mainly due to growth in net sales and the focus on more demanding PCBs in the product mix. Cumulatively, the operating result for the first half of the year amounted to EUR 1.1 million, representing nearly 8% of net sales. Cash flow from operations amounted to EUR 0.7 million, and it weakened by EUR 0.4 million compared to last year’s reference period because growth in net sales tied up more working capital.
The investment program announced in December 2017 is proceeding on schedule and the first equipment is already in production use. The program aims to improve the Oulu plant’s technological capabilities and capacity in order to bolster the company’s position as a partner to the world’s leading technology companies.”
Net Sales and Earnings
April-June 2018
Second-quarter net sales amounted to EUR 7.7 million (EUR 5.7 million), a year-on-year increase of 35%. Sales developed in the second quarter in almost all customer segments and the pick-up was boosted by the increased demand for next-generation 5G telecommunications networks in particular.
The five largest customers accounted for 56% of net sales (51%). In geographical terms, 96% of net sales were generated in Europe (96%), 2% in Asia (1%) and 2% in North America (3%).
The operating result for the second quarter amounted to EUR 0.8 million (EUR 0.1 million). The positive development of the operating result was mainly due to growth in net sales and the focus on more demanding PCBs. Second-quarter operating result was 10.2% of net sales.
Net financial expenses amounted to EUR 0.0 million (EUR 0.0 million). Earnings per share were EUR 0.12 (EUR 0.01).
The order book at the end of the review period was EUR 3.1 million (EUR 2.4 million), representing a year-on-year increase of about EUR 0.6 million.
Page 1 of 2
Suggested Items
TTM Technologies Reports First Quarter 2024 Results
05/02/2024 | TTM TechnologiesTTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards , reported results for the first quarter 2024, which ended on April 1, 2024.
GPV’s Q1 2024 Interim Financial Report Shows Strong Navigation in Uncertain Times
05/01/2024 | GPVDanish-based GPV recorded an expected drop in sales to DKK 2.3 billion for the first quarter of 2024. The decline also affected the operating profit, which was DKK 155 million compared to DKK 179 million in the same quarter last year, although the EBITDA margin was maintained. In general, demand has been softer in 2024, but GPV continues to invest for the long-term and expects the trend to turn in the second half of 2024.
Celestica Announces Q1 2024 Financial Results
05/01/2024 | CelesticaCelestica Inc., a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced financial results for the quarter ended March 31, 2024 (Q1 2024).
NASA’s Optical Comms Demo Transmits Data Over 140 Million Miles
04/30/2024 | NASA JPLNASA’s Deep Space Optical Communications experiment also interfaced with the Psyche spacecraft’s communication system for the first time, transmitting engineering data to Earth.
Plexus Announces Fiscal Q2 Financial Results
04/30/2024 | Plexus Corp.Plexus Corp. announced financial results for our fiscal second quarter ended March 30, 2024, and guidance for our fiscal third quarter ending June 29, 2024.