COMET Group growth strategy produces record results

Ad-hoc release in compliance with stock exchange regulations

COMET Group announces provisional results for 2016

 

Flamatt, Switzerland – February 13, 2017

COMET Group growth strategy produces record results

  • Substantial sales growth of 18% to CHF 332.4 million
  • Significant increase in EBITDA margin to 14.3% (2015: 12.7%)
  • Record-high net income of CHF 27.3 million (2015: CHF 17.1 million)

The COMET Group is on track for success with its growth strategy 2020. The investment of the previous years in expanding customer relationships, in innovation and in market development paid off. In 2016 the Group accelerated its growth from the pace of recent years. It achieved the best results since the founding of the company, while growing in all core regions.


Consolidated net sales rose 18% to CHF 332.4 million (2015: CHF 282.3 million). The EBITDA margin improved to 14.3% (2015: 12.7%). Both numbers thus surpassed the guidance. Group net income reached a record-high of CHF 27.3 million (2015: CHF 17.1 million).


The audited annual report 2016 with the detailed consolidated results of the COMET Group will be published to coincide with the analyst and media conference on March 15, 2017 in Zurich (location: SIX Swiss Exchange, Convention Point, Selnaustrasse 30).

Media Relations
Ines Najorka
Corporate Communications
T +41 31 744 99 96
ines.najorka@comet.ch

 

 

Key dates

March 15, 2017

Publication of annual report 2016

April, 20, 2017

AGM

August 16, 2017

Publication of half-year report

November 23, 2017

Investor Day

 

COMET Group
The COMET Group is a globally leading, innovative Swiss technology company with a focus on the x-ray, radio frequency and ebeam businesses. With premium high-tech components and systems, we enable customers in numerous industries to both enhance the quality of their products and make their manufacturing more efficient and eco-friendly. Our innovative solutions under the COMET, YXLON and ebeam brands are in demand for applications such as materials testing and security inspection, the coating and treatment of surfaces, and non-contact sterilization.
Based in Flamatt, Switzerland, the COMET Group has a presence in all world markets. We employ about 1,200 people worldwide, including approximately 370 in Switzerland. Besides production facilities in China, Denmark, Germany, Switzerland and the USA, we maintain various subsidiaries in the USA, China, Japan and Korea. COMET’s stock (COTN) is listed on the SIX Swiss Exchange.