Komax Holding AG : Komax Holding AG: Media release - Preliminary information on 2012 financial year

 Komax Holding AG : Komax Holding AG: Media release - Preliminary information
                            on 2012 financial year

Komax Holding AG / Komax Holding AG: Media release - Preliminary information
on 2012 financial year . Processed and transmitted by Thomson Reuters ONE. The
issuer is solely responsible for the content of this announcement.

The business climate observed in the first half of 2012 persisted during the
second half.Order intake totalled CHF 287.9 million (2011: CHF 380.4 million),
while revenues came to around CHF 285 million (2011: CHF 371.4 million).The
Group's annual financial statements and Annual Report will be published at the
press conference and analysts' presentation to be held on 19 March 2013 in

Komax Wire followed on from 2011's good results with an excellent year. At CHF
231.1 million (CHF 214.1 million after adjustment for acquisitions), order
intake remained at a high level (2011: CHF 232.3 million). The business unit
profited materially from the automotive industry, which remains in good shape
in many areas. Komax Wire's global presence and worldwide customer network
proved effective in balancing out the varying rates of development in the
different geographical markets. Furthermore, the acquisitions made during the
year proved successful. The integration of TSK Group and MCM Cosmic KK into
Komax Wire is proceeding on schedule. In view of the brisk business
experienced in the fourth quarter of 2012 and at the start of 2013, Komax Wire
expects the new year to get off to a good start.

In 2012, Komax Solar was unable to escape the severe crisis that has hit the
solar industry. The market for solar module manufacturing equipment slumped by
about 90% compared to the previous year. As a result, Komax Solar's order
intake was an extremely modest CHF 9.0 million (2011: CHF 63.7 million). In
view of this development and the lack of any signs of a rapid recovery, the
business unit took far-reaching measures during the year to adapt its
structures to demand. As a result, headcount fell by more than 50% during
2012. The staffing reductions primarily affected the sites in York (PA), USA,
and other locations outside Switzerland. Despite these stringent measures, the
expertise needed to continuously develop processes and products was secured at
the centre of excellence in the US. Consequently, Komax Solar is in a position
to successfully defend its strong competitive position when the expected
market recovery occurs. That being said, demand is not expected to improve
before 2014.

2012 proved to be a very challenging year for Komax Medtech, marked by ongoing
uncertainty about economic development in Europe. As result of this
uncertainty, investment decisions on the procurement of new systems were
delayed. The persistent strength of the Swiss franc further exacerbated the
situation. Order intake consequently collapsed, totalling just CHF 47.8
million (2011: CHF 84.4 million). The business unit's centre of excellence at
La Chaux-de-Fonds was hardest hit and was obliged to introduce short-time
working for its entire workforce in June. This move had the effect of
safeguarding the expertise available within the company. Short-time working
was lifted in December after an increasing number of expected orders arrived
towards the end of the fourth quarter and prospects improved. Furthermore,
Komax has signed a memorandum of understanding with Doerfer Companies covering
strategic collaboration in the medtech sector. Doerfer Companies is a leading
American manufacturer of automation solutions and operates primarily in the
USA and Asia. Collaboration will enable Komax to further strengthen its market
position and improve profitability of its medtech business.

Financial calendar

Media briefing/presentation for analysts of 2012                 19 March 2013
Annual General Meeting                                              3 May 2013
First-half results 2013                                         20 August 2013
First information on the year 2013                             21 January 2014

For more information, please contact:

Marco Knuchel                             Phone        +41 41 455 06 16
Head Investor Relations / Corporate               marco.knuchel@komaxgroup.com

The Komax Group is a global technology company that focuses on markets in the
automation sector. As a leading manufacturer of innovative and high-quality
solutions for the wire processing industry, for the production of modules for
the photovoltaics market and for systems for the manufacture of
self-medication solutions, Komax helps its customers implement economical and
safe manufacturing processes, especially in the automotive supply, solar panel
and pharmaceutical sectors. The Komax Group employs around 1 350 people
worldwide and provides sales and service support via subsidiaries and
independent agents in around 60 countries.

The media release can be downloaded from the following link:

Media release (PDF)


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Source: Komax Holding AG via Thomson Reuters ONE

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Komax Holding AG
Industriestrasse 6 Dierikon-LU Switzerland

WKN: 1070215 ;ISIN: CH0010702154;
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