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SMT & Inspection | May 08, 2009

Komax extends short-work in wire processing segment

The Komax Group is expecting a huge decline in sales and new orders for the first half of 2009, resulting in a negative operating profit (EBIT). The cost-reduction programmes already in place will therefore be systematically continued and extended.
Due to the continuing financial and economic crisis, the Komax Group is expecting a huge decline in sales and new orders for the first half of 2009, resulting in a negative operating profit (EBIT). The measures already introduced will lead to an improved situation in the second half of the year. The equity ratio remains at a very respectable 70%.

The losses occurred predominantly in the wire processing segment due to the massive decline in sales in the automotive market; short-time working will be extended to other departments in this segment. In the photovoltaics segment, it is clear that the financing of projects has become more difficult; at the Rotkreuz site, working hours have been temporarily reduced. The medical technology segment remains in a robust state of health.

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