COMET Group announces its provisional results for 2013: Strategy effective, sales and earnings grow significantly from prior year
- Sales growth of 16.4% to CHF 249.6 million
- EBITDA margin of 14.4% surpasses expectations (2012: 11.9%)
- Net income up substantially to around CHF 16 million (2012: CHF 5.9 million)
The consistent execution of the organic growth strategy bore dividends in 2013. Aided by stronger demand from the semiconductor market, the COMET Group achieved substantial, profitable sales growth of 16.4% to CHF 249.6 million (2012: CHF 214.4 million), near the top of the predicted range of CHF 240-250 million.
Thanks to the higher sales and improved operational excellence, the COMET Group lifted its EBITDA earnings by 41.5% to CHF 36.0 million. As well, the EBITDA margin, at 14.4%, was 2.5 percentage points higher than one year earlier (2012: 11.9%), thus exceeding expectations. Net income rose markedly to around CHF 16 million (2012: CHF 5.9 million).
The definitive financial statements and annual report 2013 will be published to coincide with the analyst and media conference on March 20, 2014 in Zurich.