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vacon oyj-unsp adr (VCNYY) Details

Vacon Oyj develops, manufactures, and sells AC drives and inverters worldwide. The company’s AC drives are used to control the speed of an electrical motor in various industry segments and civil engineering; and inverters are used in the production of renewable energy based on the AC drive technology. Its AC drives are used in pumps, fans, elevators, escalators, conveyors, and compressors, as well as wind and solar power plants. The company’s products also comprise solar inverters and wind power converters. In addition, it provides engineering, start-up, maintenance, upgrade, spare parts, customer support, and training services. The company sells its products directly to end users, as well as through original equipment manufacturers, system integrators, brand label customers, and distributors. It primarily serves machine manufacturing, water treatment, building automation, marine and offshore, renewable energy generation, and mining sectors. The company was founded in 1993 and is headquartered in Vaasa, Finland. Vacon Oyj is a subsidiary of Oy Danfoss Ab.

1,598 Employees
Last Reported Date: 04/28/15
Founded in 1993

vacon oyj-unsp adr (VCNYY) Top Compensated Officers

Chief Executive Officer and President
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General Counsel and Secretary
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Compensation as of Fiscal Year 2015.

vacon oyj-unsp adr (VCNYY) Key Developments

Vacon Launches New Compact NXC Drive

Vacon® introduced the NXC Drive – an enclosed, variable-speed AC drive for high-power applications that is also one of the most compact of its type on the market. Designed to meet demanding requirements for flexibility and robustness, the NXC is available in NEMA 1 and NEMA 12 variations. Ideal for use in the mining, oil and gas, water and wastewater industries, typical applications for the NXC include: pumps and fans, extruders, main propulsion and bow thrusters, conveyers and crushers, feeders and mixes, winches, compressors, test benches, static power supply and industrial elevators. The NXC is available with a standard diode front end, or with an active front end when there are requirements for low harmonic and/or the capability of regenerating 100% of its power back to the incoming line. The Vacon NXC is exceptionally user friendly. The control compartment is easily accessible for relays, auxiliary terminals and other equipment, with ample space for connecting power cables. It includes Vacon’s handy keypad on the door with additional options for indicators, meters and switches. Enclosures are simple to install with lifting lugs include. Bottom plates and earthing clamps for 360-degree earthing of motor cables are provided as standard. Reliable thermal handling for the enclosure guarantees extended lifetime of the frequency converter and ensures that challenging environments don’t impact application processes or disturb other electrical equipment. Approved EMC solutions ensure reliable operation of the converter without disturbing other electrical equipment. Other technical features include: Power range of 110 kW to 2 MW; Voltage ranges of 380-500 V, 525-690 V; Rittal TS8 frame; and EMC approved (EN61800-3, 2nd env.).

Vacon Plc Reports Unaudited Consolidated Earnings Results for the First Quarter Ended 31 March 2015; Provides Earnings Guidance for the Year 2015

Vacon Plc reported unaudited consolidated earnings results for the first quarter ended 31 March 2015. Revenue was EUR 100.1 million compared to EUR 89.3 million a year ago. Operating profit was EUR 9.1 million compared to EUR 6.7 million a year ago. Profit before taxes was EUR 8.6 million compared to EUR 6.7 million a year ago. Net cash flow from operating activities was EUR 10.5 million compared to net cash used in operating activities of EUR 0.6 million a year ago. Diluted earnings per share were EUR 0.21 compared to EUR 0.16 a year ago. Gross capital expenditure was EUR 4.9 million compared to EUR 4.8 million a year ago. The company has no net debt. Profit attributable to equity holders of the parent was EUR 6.5 million compared to EUR 4.8 million a year ago. For the year 2015, the company estimates that its revenues will increase and its operating profit percentage excluding one-time items will improve from 2014.

Vacon Oyj Seeks Acquisitions

Vacon Oyj (HLSE:VAC1V) will use selective acquisitions to further accelerate the growth.


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