-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox 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.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
PKC 2Q 2015 Revenue Grew 8.7%
August 10, 2015 | PKC GroupEstimated reading time: 2 minutes
PKC Group has reported second quarter revenue of €223.9 million, up by 8.7% compared to the same period last year. The changes in consolidation exchange rates increased the revenue by approximately 13%.
The company's Wiring Systems business segment EBITDA before non-recurring items increased by 22.2% on the comparison period, totaling €16.5 million and 7.9% of revenue. For the first six months of the year, revenue increased by 9.8% year-on-year to €450.4 million.
"In North America and Europe, production of heavy-duty trucks grew on the comparison period and on the first quarter of the current year. However, production volumes of medium-duty trucks in North America and in Europe declined in comparison with both the comparison period and first quarter. In Brazil, production volumes continued to decline in comparison with the comparison period but were higher than in the first quarter’s holiday season," said Matti Hyytiäinen, president and CEO. "PKC's operating profit before non-recurring items increased on the comparison period by 33.2% and was €8.1 million. In North America, the largest production unit in Acuna, Mexico was hit by a tornado in May, causing production stoppage that had negative impact on the unit’s profitability. In Europe, the ongoing production reorganisation continued to encumber profitability but progressed as planned apart from some production transfers that have been delayed due to customers’ approval processes. In Brazil, despite low production volumes, actions to improve operating profit are taking effect although operations remained loss-making. The medium term outlook for truck market in Brazil is weak and therefore we have decided to close Curitiba factory and consolidate all production to Campo Alegre factory.
"PKC 2018 strategy is proceeding. The acquisition of Groclin's Wiring & Controls business that was announced in February has been finalised and business shall be consolidated into PKC Group as of 1 July 2015. Customers and personnel have reacted positively to the acquisition. Also the establishment of Chinese joint venture with Huakai announced in March has proceeded quickly and it is estimated that the company starts operations in Q3/2015."
According to Hyytiäinen, the full-year production volume forecasts for trucks are slightly weaker than previous estimation in North America; but demand has stabilised. In Europe, the production volumes in the second half of the year are estimated to fall slightly short of first half's volumes, taking into account the holiday season production stoppages. In Brazil, production volume estimates have been further decreased.
About PKC
PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry, rolling stock manufacturers and other selected segments. The Group has production facilities in Brazil, China, Estonia, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue in 2014 totalled EUR 829.5 million. PKC Group Plc is listed on Nasdaq Helsinki.
Suggested Items
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Aspocomp’s Q1 Net Sales and Operating Result Decreased YoY
04/18/2024 | AspocompInflation and interest rates, weak economic development, the uncertainties posed by Russia’s war of aggression and the situation in the Middle East, and global trade policy tensions will affect the operating environment of Aspocomp and its customers in the 2024 fiscal year.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
Europe’s IT, Business Services Sector on the Rebound in Q1: ISG Index
04/15/2024 | BUSINESS WIREEurope’s demand for IT and business services in the first quarter rose for the first time in a year, powered by growth from the banking, financial services and insurance (BFSI) sector, according to the latest state-of-the-industry report from Information Services Group (ISG), a leading global technology research and advisory firm.
FTG Announces Q1 2024 Financial Results
04/12/2024 | Firan Technology Group CorporationDuring Q1 2024, the Corporation has continued to invest in technology in existing sites, grow the business organically, and integrate the two acquisitions completed last year. FTG is strategically deploying its capital in ways that will drive increased shareholder returns for the future in both the near term and long term. Specifically, FTG accomplished the following in Q1 2024, which continues to improve the Corporation and position it for the future: