PartnerTech's Q4 Profits Up 16% PDF Print E-mail
Written by Mike Buetow   
Friday, 17 February 2012 08:36

VELLINGE, SWEDEN -- PartnerTech reported fourth quarter net profits rose 16% year-over-year to SEK 10.2 million, ensuring the EMS company finished 2011 in the black.

Net sales were SEK 637.9 million (617.6), and operating profit rose more than 400% to SEK 29.2 million. Operating margin was 4.6%. Cash flow after investments amounted was SEK 99.9 million.

For the year, net sales rose 6% to SEK 2.32 billion. Operating profits and net income swung back to positive territory, at SEK 47.3 million and SEK 5.2 million, respectively.

PartnerTech is Sweden's largest contract electronics assembler and among the 50 largest in the world.

President and CEO Leif Thorwaldsson said "uncertainty and volatility in the global markets" make forecasts difficult. The EMS firm said it is moving more production to Eastern Europe and Asia.

Last Updated on Friday, 17 February 2012 10:01
 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Yincae Rolls Out ACP120 Solderable Coating
ACP 120 series anti-oxidation solderable coatings replace nanofilm gold. Are for anti-corrosion and anti-rusting on solderable surfaces on which solder paste, solder preform or a solder ball can be...