-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Decrease in EMS Division Sales May Pull Down IPTE Overall 2Q Sales and Profit
July 2, 2008 |Estimated reading time: 1 minute
IPTE expects a decline in sales and profits in the 2nd quarter of 2008. Turnover will be around 10 to 15 percent down on the first quarter (EUR 65.5 millions). Profits will be significantly lower but will remain positive (prognosis EUR 300,000 to 600,000 profit).
The reduction in sales is primarily within the contract manufacturing division. A number of important clients have significantly cut back their orders. Profits will fall proportionately to sales.
Sales in the automation activity remain in line with the previous quarter but the division had to deal with under-recovery of costs and overspending on projects, as a result of which it was loss-making during the second quarter.
The outlook for the market is too uncertain to be able to make a clear prediction for the second half of the year.
The complete half-year figures for 2008 will be published on 13 August 2008.
About IPTE
IPTE is a global supplier of automated production equipment for the electronics industry and a supplier of production services to electronics and industry markets in Europe.
The company is organized into two divisions. IPTE Factory Automation is a market leader in the provision of production resources for the electronics industry. The division develops manual, semi-automatic and turnkey automation systems for the production, testing and handling of printed circuit boards and for final assembly.
The IPTE's Contract Manufacturing division, Connect Systems, offers cost-efficient, high quality production services to the professional industry. The activities consist of the production of cables and cable trees, PCB assembly and testing, production of semi-manufactures and final product assembly.
The IPTE Group's references include companies such as Barco, ASML, Alcatel-Lucent, Bosch, Delphi, Philips, Ericsson, Flextronics, Jabil, Johnson Controls, Lear, Continental, SCI-Sanmina, Siemens VDO and Visteon. For more information, visit www.ipte.com.