-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
Article Highlights
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Aspocomp Posts 37% Sales Increase in Q1 2017
April 27, 2017 | AspocompEstimated reading time: 3 minutes
Aspocomp Group Plc’s Key figures 1-3/2017 in brief
- Net sales: EUR 5.7 million (EUR 4.1 million 1-3/2016)
- Operating result before depreciation (EBITDA): EUR 0.5 million (-0.2)
- Operating result: EUR 0.2 million (-0.4)
- Earnings per share (EPS): EUR 0.03 (-0.07)
- Operational cash flow: EUR 0.7 million (-0.6)
- Order book at the end of period: EUR 2.2 million (1.4)
The company's full-year guidance remains unchanged. In 2017, net sales are expected to grow approximately 10% and the operating margin to be better than in 2016. In 2016, net sales amounted to EUR 21.6 million and the operating result was 3% of net sales.
CEO’s Review
“Growth continued to be strong in the first quarter, partly due to the weak comparison period a year ago. Net sales amounted to EUR 5.7 million (EUR 4.1 million 1-3/2016), representing a year-on-year increase of EUR 1.5 million or 37%.
Demand for printed circuit boards decreased compared to the end of the previous year in line with typical seasonal variation. Demand slowdown was particularly evident in the telecommunication infrastructure and industrial electronics customer segments. The company's order book developed positively, growing by EUR 0.8 million from the previous year. The order book amounted to EUR 2.2 million (EUR 1.4 million) at the end of the review period. The order book has grown in step with the growth in volume production.
Operating result improved and amounted to EUR 0.2 million (EUR -0.4 million), a year-on-year increase of EUR 0.6 million or 3% of net sales. The increase in profitability was due to the significantly higher net sales compared to the comparison period a year ago. Cash flow from operations was EUR 0.7 million in the black, a year-on-year improvement of EUR 1.3 million.
Overall, the year has started in line with expectations. At the Capital Market Day in March, we announced our intention to expand our business into new geographic areas and new customer segments. One key objective is to shift the main focus of the company from products and technology to customer-centered service. According to the full-year guidance for 2017, net sales are expected to grow by approximately 10% and the operating margin to be better than last year.”
Net Sales and Earnings
January-March, 2017
First-quarter net sales amounted to EUR 5.7 million (EUR 4.1 million 1-3/2016), a year-on-year increase of 37%. Demand weakened during the first quarter compared to the previous quarter, as expected due to seasonal fluctuations. A slowdown in demand was particularly evident in the telecommunication infrastructure and industrial electronics customer segments.
The five largest customers accounted for 52% of net sales (51% 1-3/2016). In geographical terms, 98% of net sales were generated in Europe (88%), 1 percent in Asia (6%) and 1% in North America (6%).
The operating result for the first quarter amounted to EUR 0.2 million (EUR -0.4 million 1-3/2016). Growth in net sales resulted in a better operating result.
Net financial expenses for the review period amounted to EUR 0.0 million (EUR 0.0 million). Earnings per share were EUR 0.03 (EUR -0.07).
Outlook for The Future
A major share of Aspocomp’s net sales is generated by quick-turn deliveries and R&D series, and thus the company’s order book is short. The company's aim is to systematically expand its services to cover the PCB needs of customers over the entire life cycle and thereby balance out variations in demand and the order book.
The company's full-year guidance remains unchanged. In 2017, net sales are expected to grow approximately 10% and the operating margin to be better than in 2016. In 2016, net sales amounted to EUR 21.6 million and the operating result was 3% of net sales.
About Aspocomp
Aspocomp specializes in demanding PCB technologies, serving its customers throughout the entire life cycle of a product. Aspocomp sells and manufactures PCBs and also provides related design and logistics services as well as technology solutions. Aspocomp creates value for its customers with unique products and solutions, strong manufacturing and technology expertise, as well as fast and reliable deliveries. A wide network of expert partners together with Aspocomp's own manufacturing enables its customers to cost-effectively buy their PCBs from a single provider over the entire life cycle of a product.
A printed circuit board (PCB) is the principal interconnection method in electronic devices. PCBs are used for electrical interconnection and as a component assembly platform in most electronic applications. Aspocomp's customers are companies that design and manufacture telecom systems and equipment, automotive and industrial electronics, security technology and semiconductor testing systems.
Suggested Items
KYZEN Announces Exclusive Partnership with Manufacturers’ Representative Restronics Florida
04/25/2024 | KYZEN'KYZEN, the global leader in innovative environmentally responsible cleaning chemistries, proudly announces its strategic partnership with Manufacturers’ Representative Restronics Florida. Just like KYZEN’s commitment to continuously improving precision cleaning, Restronics Florida serves as a consultative OEM sales representative organization dedicated to educating customers to enhance their processes and productivity.
Determining the Value-add of Box Build
04/24/2024 | Nolan Johnson, I-Connect007At a strategic level, adding box-building services makes sense for customer loyalty. But is it really that simple? Jon Schmitz, who manages customer engagement at RiverSide Integrated Solutions, talk about about what it really takes to be successful in offering EMS and final assembly services under the same company banner.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.
Adura Solutions Exhibits at Del Mar 2024
04/24/2024 | Adura SolutionsSumit Tomar, CEO of Adura Solutions, has announced that his company will be exhibiting at this year’s Del Mar Electronics and Manufacturing Show to be held at the Del Mar Fairgrounds, San Diego, California, April 24-25.
US Department of Defense Selects Intel Foundry for Phase Three of RAMP-C
04/23/2024 | IntelThe U.S. Department of Defense (DoD) has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes - Commercial (RAMP-C) program.