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Electronics Production | August 01, 2006

Epcos sustain positive development

Business development remained positive in all regions and in nearly all industries served in the third quarter of fiscal 2006 (April 1 – June 30, 2006).
As a whole, new orders and sales again increased both sequentially and year on year. For the third consecutive quarter, the book-to-bill ratio was above one at 1.08 in the period under review.

New orders rose by 2 percent to EUR 356 million in Q3 2006, driven mainly by strong growth of more than 30 percent in business with products for automotive electronics applications. Substantial orders for the piezo actuators used in diesel injection systems played a key part in this growth. Customers generally also placed longer-term orders. Demand from the telecommunications industry increased by 5 percent.

These gains more than offset both the – seasonal – decline in orders from consumer electronics customers and the slight dip in orders from industrial electronics customers after a relatively strong previous quarter. They also compensated for decreased demand from distributors, which fell back to the level of Q1 after rising sharply in Q2. The decline in Q3 came because distributors have now filled their stocks with RoHS-compatible components. This development was driven by the EU Directive on the Restriction of Hazardous Substances (RoHS), which took effect on July 1, 2006.

Regionally, the bulk of the increase in new orders came from Germany. The order intake from the rest of Europe, Asia and the NAFTA region remained more or less stable.

Business in almost all regions and with almost all industries served contributed to the 2 percent sequential increase in sales to EUR 330 million. The only exceptions were the consumer electronics industry and the NAFTA region. In the latter region, sales dropped primarily because of an unfavourable development of the dollar/euro exchange rate.
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November 11 2018 12:47 pm V11.8.0-1