LEM: reports rise in FY results
(CercleFinance.com) - On Wednesday morning LEM reported a significant increase in its FY 2017/2018 sales, which rose from 264.
5 million Swiss francs to 301.2 million Swiss francs (i.e. from 228 million euros to 259 million euros; +13.2% at constant exchange rates).
New orders of the specialist in the measurement of electrical parameters rose by 17.9%, from 271.2 million to 319.7 million Swiss francs. Its gross margin reached 45.9% (vs. 46.7% last year), with net income up 19.6% at 53.3 million Swiss francs.
Favourable economic conditions throughout the year have generated record orders, with trends in automation, renewable energies and electro-mobility particularly boosting LEM's growth, Frank Rehfeld, group CEO commented.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5 million Swiss francs to 301.2 million Swiss francs (i.e. from 228 million euros to 259 million euros; +13.2% at constant exchange rates).
New orders of the specialist in the measurement of electrical parameters rose by 17.9%, from 271.2 million to 319.7 million Swiss francs. Its gross margin reached 45.9% (vs. 46.7% last year), with net income up 19.6% at 53.3 million Swiss francs.
Favourable economic conditions throughout the year have generated record orders, with trends in automation, renewable energies and electro-mobility particularly boosting LEM's growth, Frank Rehfeld, group CEO commented.
Copyright (c) 2018 CercleFinance.com. All rights reserved.