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Elmatica Reports Successful First Half of 2017
July 10, 2017 | ElmaticaEstimated reading time: 2 minutes
Elmatica reports a successful 2017 so far. In the two first quarters, the company has seen a 32% increase in orders placed compared with the first half of 2016. They also report that product owners involve them at an earlier stage of development, consequently improving the purchasing process.
"The activity level experienced during this first half-year reflects the success of our strategy and industry focus. We are expanding and delivering above expectations. Our strategy of integrating supply chains in combination with compliance and transparency completes our partners purchasing process and increases the cooperation between all parties. The two first quarters of 2017 have been above expectations," says CEO Didrik Bech.
Elmatica see an increasing trend of product owners involving the company at an earlier stage in the development of PCB. The reason, Bech believes, is to secure the optimal design, production and delivery of each type of printed circuit.
"On a general basis, we recognize that product owners and assembly manufacturers are involving Elmatica at an earlier stage to secure that the PCB is developed and constructed according to what is optimal for the product owner, manufacturer and EMS. There is a win-win potential by ensuring that all the parties in the supply chain can deliver and focus on their individual speciality. This is an optimal situation for a broker such as Elmatica, as it allows us to complete the purchasing process for the product owner, the delivery process for the EMS and the sales process for the manufacturer," says Bech.
Elmatica reports a 32% organic growth in orders placed, compared with the same period in 2016, and a 20% increase in invoicing compared to last year. The printed circuit broker also sees an increase in all industry segments except in the oil & gas industry.
"In the oil & gas industry, we have participated in several development projects. These projects are presently preparing for volume in regard to when the oil & gas market stabilize. As for the defense industry, we have seen sharp growth in the Nordic region, Central Europe and the US. The development of new systems and increased demand for existing systems has resulted in a higher-than-expected growth in the defense industry," Bech added.
Although the printed circuit industry experienced a challenging start this year, with delays due to the Chinese New Year and the copper situation, the first half-year has remained strong and the forecast for the rest of the year is presently equally strong.
"Based on the order flow, the rest of the year looks promising as well. Elmatica expects an organic growth of 10-15% in 2018 where the automation and automotive industry is expected to represent a major part of this increase, as several projects we have developed with our partners are ready for mass production," says Bech.
About Elmatica
Elmatica was established in 1971 and is the oldest broker of PCB in the world. Delivering to 5 continents and 39 countries with over 10 000 orders per year, to small family businesses and companies listed on the stock exchange. With over 46 years experience in the industry, Elmatica has a unique understanding of the market. We are honoured for being selected to chair several new independent standards in our industry, with organizations as IPC and NEMI. Elmatica’s products include consulting, procurement, manufacturing and logistics. Elmatica is all about the future of PCB.
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