StarragHeckert sales grew in last two quarters
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StarragHeckert increased order intake on a currency adjusted basis by 6.2% to CHF 188 million in 2010 (CHF:Swiss francs) which was still impacted by the global economic crises (prior year CHF 187 million, nominal +0.3%). Sales revenue grew in the last two quarters, but decreased currency adjusted by 17% for the full fiscal year.
Order backlog amounts to CHF 104 million at the end of 2010, 16% below the previous year. In spite of the difficult market situation, StarragHeckert has invested systematically in product development as well as in the further expansion of the worldwide sales and customer service organisation in the reporting period. Consequently, StarragHeckert is emerging with significant market share gains from the current economic recession.
The detailed key figures of the fiscal year 2010 will be published on 4 March 2011.
StarragHeckert continues to invest in new products and into the development of new markets. In the fourth quarter, a technology centre with currently 30 employees was inaugurated in Bangalore/India. It will support customers with technology consulting and customer services to increase their productivity. Furthermore, StarragHeckert plans the construction of a new manufacturing plant for the production of precise and productive machining centres for the Indian market close to the Bangalore International Airport. This investment amounts to totally CHF 10 million in the years 2011 and 2012.
Since beginning of 2010, StarragHeckert has observed a continuing positive development of the customer service business and of the request for quotes. Thus, StarragHeckert expects the business volume to expand in 2011.
Last week StarragHeckert acquired the Dörries Scharmann Group. Thanks to this acquisition, which complements the product range of StarragHeckert in the attractive target markets aerospace, energy, transport and machinery, sales revenue will nearly double.
