Contact EDF 

Good results for 2004 – Economical downturn at the beginning of the current business year

 

 

Financial Year 20041st Quarter 2005

The current year started with an abrupt cyclical downswing. While Gross Sales were only 2% lower than a year earlier at CHF 52.0 million, Gross Value Added Sales - which are not influenced by metal prices - contracted by 12% at CHF 27.7 million.

 

The instruments today available to the company only allow a delayed adjustment of operating costs in such circumstances. For this reason, Operating Earnings (EBIT) stood at CHF 0.5 million, clearly below the results for the same period of the previous year of CHF 3.2 million.

 

 

Restructuring and Repositioning of the CompanyInvitation to the Ordinary General Meeting

Swissmetal is global technology leader in high-quality specialty products from copper and copper alloys, which are mainly used in the electronics, telecommunications, aviation, automotive, writing and watch industries. In the 2004 financial year the company generated sales of CHF 204.8 million. At the end of April 2005 it employed a workforce of 780 full-time equivalents. Swissmetal is listed on SWX Swiss Exchange. With development and production in the swiss locations Reconvilier and Dornach, its own sales offices in Italy and Germany, plus a global network of agents and whole salers, Swissmetal delivers to clients predominently in Europe, North America and Asia.

 

 

Contact:

Martin Hellweg, Chief Executive Officer

Yvonne Simonis, Chief Financial Officer

Sam V. Furrer, Chief Development Officer

Tel.: +41.62.206 17 10

 

 

 

Ordinary General Assembly 9th of June 2005

 


<- back