As a result of strong December sales in the X-Ray Systems division, the COMET Group slightly exceeded its most recently communicated expectations for full-year 2011 sales and met its expectations for EBITDA. In a challenging environment, the Group recorded consolidated net sales of CHF 217 million, matching the year-earlier level. In local currencies this amounts to sales growth of 12% year-over-year. For EBITDA-to-net-sales the management and Board of Directors expect a margin of approximately 12.6%, which, as previously predicted, is narrowly lower than in the prior year as a result of the strong franc.
Thanks to a significant improvement in net financial items and lower taxes, net income is expected to increase substantially from the prior year to about CHF 10 million (2010: CHF 7.5 million).
The definitive financial statements and annual report 2011 will be published to coincide with the analyst and media conference on March 15, 2012 in Zurich.
Financial calendar for the COMET Group
March 15, 2012
Publication of 2011 annual financial statements
April 18, 2012
Annual Shareholder Meeting
August 23, 2012
Publication of 2012 half-year results