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2007: Record sales - for the first time above CHF 200 mio.

Lucerne, 20 March 2008 - The Schurter Group, active in the electronics industry, increased sales by 13,0 % to CHF 210,7 mio. in 2007. At the same time SCHURTER achieved a good result. Cash flow increased to CHF 17,2 Mio. (+ 4,2 %) and profit amounted to CHF 7,4 mio. ( - 11,6 %). The result achieved can be attributed to a favourable economic environment and to a general increase in productivity.

Not least thanks to the acquisition of the ticinese Ticomel Group, which is mainly active in the domestic market, the share of consolidated sales generated abroad was reduced to 80%. The Ticomel group is an electronic manufacturer (EMS) with a production site in Romania. Sales with input systems increased by more than 7% to just under CHF 50 mio., component sales remained stable with CHF 130 mio. The SCHURTER group is optimistic for 2008. Despite high pricing pressure, permanent price erosion in the Asian markets and the emerging weakness of the US Dollar, we expect a moderate growth in sales. The Lucerne based family-owned enterprise employs 1'661 persons, whereof 518 in Switzerland in Lucerne, Mellingen and Mendrisio.

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