COMET Group announces provisional results for 2014: Net income substantially higher than previous year
- Sales growth of 15.5% to CHF 288 million
- Net income jumps to CHF 25-27 million (2013: CHF 16.1 million)
The COMET Group continued its organic growth in 2014 as the consistent execution of its strategy bore dividends. The Group achieved growth in all regions and segments and benefited especially from the vigorous demand in the semiconductor market. Consolidated net sales expanded to CHF 288 million, surpassing the already strong prior year by 15.5% (2013: CHF 249.6 million). In local-currency terms, the Group grew by 17.5%.
The EBITDA margin will be at the upper end of the predicted range of 13% to 14%. Thanks to higher sales volumes and to one-time tax effects, the forecast (based on the preliminary results) is for a significant rise in net income to between CHF 25 million and CHF 27 million (2013: CHF 16.4 million).
The audited annual report 2014 with the detailed consolidated results of the COMET Group will be published to coincide with the analyst and media conference on March 19, 2015 in Zurich (location: SIX Swiss Exchange, Convention Point, Selnaustrasse 30).