New Sales Turnover Record in 2006

Active in the electronic industry, the SCHURTER Group achieved a very good result in 2006, it increased its sales turnover by 13.5% to CHF 186.4m. Cash flow increased to CHF 16.4m (+37.6%) and the profit amounted to CHF 8.3m (+91.5%).

The substantial increase in profit is primarily due to a positive economic environment, productivity increases and favourable rates of exchange.

In Europe, the sales turnover increased by 13.5% to CHF 141.7m. Sales in North America also increased by 13.5%, i.e. a sales turnover of CHF 27.9m was achieved. In Asia, the sales results remained constant at CHF 13.0m (previous year CHF 13.1m).

The percentage of sales turnover outside Switzerland amounts to 87.5% at the present time. The Swiss market also developed favourably where a sales turnover of CHF 23.3m (+5.0%) was reached.

The SCHURTER Group is optimistic for 2007 although market activity has shown a slight slowdown. This slowdown is noticeable in America and Asia, whereas in Europe, business is less affected.

Having a consolidated sales turnover of approx. CHF 24m, the company of Ticomel SA in Mendrisio, Switzerland was acquired at the beginning of the year together with its affiliated company in Romania. The integration process of the company is running smoothly.

At the end of the year 2006, the Lucerne family-owned enterprise had a work force of 1,212 employees from whom 442 were employed in Lucerne, Mellingen and Mendrisio.

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