maxon motor Group Reports Stable Revenue and Cash-Flow - Verdict Medical Devices
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maxon motor Group Reports Stable Revenue and Cash-Flow

The maxon motor Group has announced it maintained its revenue level during the 2013 business year, in spite of the strong Swiss franc, the weak development of the economy in some areas and high commodity prices.

The revenue amounted to CHF360.2m (previous year: CHF360.5m). At CHF36.2m, the cash flow was similar to that of the previous year (CHF36.9m).

The number of employees in Sachseln (Switzerland), Sexau (Germany), Veszprém (Hungary) and Sejong (South Korea) stayed largely stable at 2,091 (+14).

Around 9% of revenue is invested in R&D, where more than 220 highly qualified specialists are at work.

In 2013, maxon launched many new innovations, and the drive specialist is also participating in the ExoMars Mission of the European Space Agency, which is planning a Mars landing in 2018.

For the current business year, maxon motor is cautiously optimistic

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