HELSINKI -- Contract assembler PKC Group Oyj said EMS net sales rose 40.4% in 2010 to 73.7 million euros.

The operating profit rose 67% to 7.7 million euros.

The electronics manufacturing services company reported overall consolidated net sales grew 56.6% from last year to 316.1 million euros.Net profit rose to 19.7 million euros from 2.3 million euros. Cash flow from operations fell 60% to 14.9 million euros.

The company, which also supplies wiring harnesses to the automotive industry, said the recovery of the global economy and revival of the electronics industry increased the demand for the design and manufacturing services. In particular, customers in the industrial electronics and energy segments increased their sales during the latter half of the year. Due to the global growth in the electronics industry, there have still been problems in the availability of electronics components.

Chief executive and president Harri Suutari said, “During the final quarter, the sales of PKC Group continued to grow along with the recovery of the markets. Sales increased in both business segments and in all of our market areas. Accelerated by customers’ growth in the industrial electronics and energy segments, PKC Group’s deliveries of electronics design and manufacturing services increased from the level of the previous quarter. We expect the growth to continue this year."

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