KEMPELE, FINLAND – PKC Group’s first-quarter consolidated net sales grew 59.3% year-over-year to EUR 96.9 million.

Profit for the period was EUR 7.6 million, up 370% compared to the first quarter of 2010.

Electronics manufacturing services sales rose 23.9% to EUR 18.7 million in the quarter. The operating profit was EUR 400,000, down from EUR 1.3 million in the year-ago period. Deliveries increased from last year, but fell sequentially as customers delayed projects.

PKC said certain electronics components remained scarce due to global industry growth, but Japan’s earthquake had no significant effect on its electronics business in the quarter.

PKC, which announced plans to acquire Segu’s wire harness operations in Eastern Europe and Germany, said it expects EMS sales to grow in 2011.

1 EUR = US$1.4638

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