COMET Group announces provisional results for 2014: Net income substantially higher than previous year

Ad hoc media release

Flamatt, Switzerland – January 20, 2015

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).

Media Relations

Ines Najorka

Vice President of Corporate Communications

T +41 31 744 99 96

ines.najorka@comet.ch

 

Financial calendar for the COMET Group

March 19, 2015

Publication of annual report 2014

August 20, 2015

November 24, 2015

Publication of half-year report 2015

Investor Day 2015

 

The COMET Group is one of the world’s leading manufacturers of systems and components for the non-destructive testing, security and semiconductor markets. Since acquiring the YXLON group, COMET has been the global market leader in X-ray-based non-destructive testing and examination. With core competencies in vacuum technology, high voltage engineering and materials science and with core products that include x-ray tubes and vacuum capacitors, COMET is a one-stop provider of a complete and highly flexible range of components, modules, systems and services. The activities are grouped into three segments: X-Ray & ebeam Technologies (under the COMET and ebeam brands), Plasma Control Technologies (under the COMET brand) and X-Ray Systems (under the YXLON brand).

COMET was founded in 1948 and is based in Flamatt near Berne, Switzerland. The COMET Group has a presence in all world markets. The company operates production facilities in Switzerland, Germany, Denmark, China and the USA and maintains other subsidiaries in the USA, China, Japan and Korea. COMET’s stock (COTN) is listed on the SIX Swiss Exchange.