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Mikron sales rise but orders fall

Mikron made losses in both 2001 and 2002. Mikron

The machinery and components group, Mikron, has reported that its third quarter sales rose by nine per cent over the previous three months to SFr111 million ($83.23 million).

This content was published on October 21, 2003 - 12:55

The results come six months after the Biel-based company was rescued by a group of Swiss investors.

The company said in a statement on Tuesday that its earnings before interest, taxes, amortisation (EBITA) and exceptional costs had been positive but gave no details.

Mikron added that orders for the quarter had decreased by 12 per cent but it was still aiming for a balanced operating result before exceptional expenses for the year as a whole.

The company said the slowdown in new orders would have a negative impact on sales in the fourth quarter and the first six months of 2004.

Mikron said in a statement that it was aiming to achieve a balanced operating result before exceptional expenses for 2003 as a whole.

In May, a group of investors led by the industrialist and parliamentarian, Johann Schneider-Ammann, announced plans to inject SFr100 million to repair the damage to the company’s ailing balance sheet.

Mikron made losses of SFr141.8 million in 2002 and SFr127 million in 2001.

Bon appétit

In other company news, Bon appétit, the food distributor which is being bought by German retail group REWE, reported a 0.3 per cent rise in third-quarter sales, after declines in the first and second quarters.

But sales for the first nine months were down by 2.5 per cent over the comparable period in 2002 at SFr2.27 billion. No earnings figure was given.

REWE announced last week that it had acquired some 88 per cent of the voting rights and the capital of the Swiss company.

Saia-Burgess

The car components maker, Saia-Burgess, reported a fall in net profit in the first nine months to SFr14.4 million, down from SFr17.5 million a year ago.

A statement from company headquarters in Murten blamed the strong Swiss franc and higher costs. Sales were up by 1.8 per cent to SFr360.3 million.

Saia-Burgess forecast that full-year sales would exceed SFr480 million, up from SFr469 million in 2002.

Tecan

The medical technology group, Tecan, on Tuesday announced a third-quarter net loss of SFr1.2 million as one-off charges and lower sales weighed on its results.

The loss, compared with a SFr7.2 million profit in the comparable period last year, includes a SFr5.2 million charge for closing a research and development plant in Munich.

Tecan, which produces laboratory instruments and equipment, said in a statement that it remained cautious in its immediate outlook for all business areas.

swissinfo with agencies

Mikron

Mikron has reported a 9% rise in its third quarter sales over the previous three months at SFr111 million.

The Bon appétit group reported that its sales figures for the first nine months were down by 2.5 per cent at SFr2.27 billion.

Saia-Burgess said net profits for the first nine months had slipped to SFr14.4 million from SFR17.5 million last year.

Tecan has reported a third-quarter net loss of SFr1.2 million.

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