With sales of $80.3M and $3.3M in EBIT, congatec strengthens its position as the world’s number two player in Computer-on-Modules
SAN DIEGO — (BUSINESS WIRE) — June 10, 2013 — congatec AG, a leading manufacturer of industrial computer modules, announces record sales for fiscal year 2012. With total sales of $80.3M, congatec achieved a revenue increase of 27% when compared to the previous year, 2011.
Even more significant are the positive earnings developments: The current EBIT of $3.3M exceeds last year’s result by 116%. In total, congatec generated a net profit of $2.5M - an increase of 195% compared with the previous year. Return on sales also increased to 3.1% (previous year 1.3%).
As for revenue share of the different geographical regions, the Americas’ subsidiary in San Diego, California succeeded in expanding its 2012 business volume as planned. congatec in the Americas saw a sales increase of 53% over the previous year.
"We are very pleased with the economic development of congatec," comments congatec CEO Gerhard Edi. "Our U.S. subsidiary congatec Inc. recently opened a Research & Design Centre in Boca Raton, Florida and as result hired two highly qualified COM experts to our team. These experts have been working in the COM market for many years.”
The new U.S. R&D team will provide technical support to customers in North and South America, react directly to local market conditions and customer needs, and as part of the global R&D team, develop new products in collaboration with the R&D design centers in the corporate headquarters in Germany (Deggendorf) and the Czech Republic (Brno and Pilsen).
The next step will be the opening of a sales office in China. Preparations for this are already in full swing.
CEO, Gerhard Edi is confident both investments will bring congatec closer towards market leadership. He expects double digit revenue growth for fiscal year 2013. In order to realize this growth, the global workforce increased from 124 in 2011 to 142 in 2012.
About congatec, Inc.
congatec, Inc., with its headquarters in San Diego, California, is the leading supplier of industrial computer modules using the standard form factors Qseven, COM Express, XTX and ETX. congatec’s products can be used in a variety of industries and applications, such as industrial automation, medical technology, automotive supplies, aerospace and transportation. Core knowledge and technical know-how includes unique extended BIOS features as well as comprehensive driver and board support packages. Following the design-in phase, customers are given support via extensive product lifecycle management. The company’s products are manufactured by specialist service providers in accordance with modern quality standards. congatec, Inc. is a subsidiary of the German based company congatec AG, which has additional entities in Taiwan, the Czech Republic, Japan and Australia. More information is available on our website at www.congatec.us or via Facebook, Twitter and YouTube.