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Place de cotation: SWISS EXCHANGE
Carlo Gavazzi Group is an
international electronics group with activities in the design, manufacturing
and marketing of electronic equipment targeted at the global markets of
industrial automation and information processing.
Carlo Gavazzi is a diversified,
internationally active industrial group organised in business units under
the umbrella of a holding company.
It is the function of the
holding company to ensure planning and development of the group’s business
portfolio, to choose a coherent set of strategies and objectives, to monitor
their implementation and the efficiency of the corresponding management
tools and processes, to select the upper-level management, to directly
manage corporate finance, controlling, tax planning, management information
systems, communication and investor relations.
Carlo
Gavazzi: Strong performance continues
First
semester EBIT increases by 66% to CHF 7.8 million
Steinhausen,
November 17, 2006 - The Zug-based electronics group improved its performance
significantly in the first semester of the current financial year, ended
September 30, 2006. While bookings rose by 8.3% to CHF 114 million (in
local currency +7.1%) and operating revenue increased by 4.6% to CHF 107
million (in local currency +3.4%), net profit improved by 49% to CHF 5.2
million over the prior year period.
For
the full year the group expects a moderate increase in operating revenue
and a full achievement of its profit targets.
Improvements
of manufacturing processes and economy of scale effects hiked the gross
profit margin to 45%, up 2.4 percentage points over the same period of
the previous year and, therefore, the ongoing market price erosion was
more than offset. Operating expenses as a percentage of sales were reduced
slightly and, consequently, the EBIT margin improved from 4.7% to 7.3%
of revenue.
At
September 30, 2006, equity amounted to CHF 116.6 million, an increase of
CHF 5.0 million compared with March 31, 2006 and equalling 60% of total
assets. After payment of the share capital reduction on October 17, 2006,
the pro forma equity as per September 30, 2006 amounts to 54% of total
assets.
Carlo
Gavazzi: new President for Computing Solutions Business Unit
Steinhausen, April 6, 2006
- The Zug based electronics group has appointed Chris Boutilier as President
of its US based Computing Solutions Business Unit. Mr Boutilier succeeds
Mads Lillelund, who will leave his position as per April 14, 2006, but
will continue to be associated with Computing Solutions as a director.
Chris Boutilier began his
career at Carlo Gavazzi Computing Solutions in 1989 as an engineer and
worked his way through the company's ranks. From 1995 to 2005, he headed
the company's West coast operations and was promoted to COO in July 2005.
In this position, Mr Boutilier directed the operations of Carlo Gavazzi
Computing Solutions. Chris Boutilier is highly focused on the customer
needs and brings to this role a wealth of experience in meeting their requirements.
Werner S. Welti, Chairman
of the Board of Carlo Gavazzi Holding AG, said: "The appointment of Mr
Boutilier as President of Carlo Gavazzi Computing Solutions will ensure
that the company remains loyal to its strategic plan and continues to strengthen
its financial position."
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