COMET Group announces its provisional results for 2013:  Strategy effective, sales and earnings grow significantly from prior year

Media Release

Flamatt, April 17, 2014

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.

Media Relations

Ines Najorka

Vice President Corporate Communications

T +41 31 744 99 96

ines.najorka@comet.ch

 

Financial calendar for the COMET Group

March 20, 2014

Publication of annual report 2013

April 24, 2014

Annual Shareholder Meeting

August 21, 2014

Publication of half-year report 2014


 

COMET Group
The COMET Group is a globally leading, innovative Swiss technology company with a focus on X-ray, high-frequency and ebeam technologies. Using high-quality high-tech components and systems, we make it possible for customers from various industries to improve the quality of their products and make them both more efficient and more environmentally friendly. The innovative solutions under the COMET, YXLON and ebeam brands are used in applications such as material and safety testing, the coating and treatment of surfaces, and contact-free sterilization. Headquartered in Flamatt, Switzerland, COMET AG is now represented in all global markets. We employ more than 1050 people worldwide, including over 370 in Switzerland. In addition to production facilities in China, Germany, Denmark, Switzerland and the USA, we also maintain various subsidiaries in the USA, China, Japan and Korea. COMET’s stock (COTN) is listed on the SIX Swiss Exchange.