Nine months into its 2013/14 financial year (31 January 2014), the Infranor Group, a specialist in robotised automation, has achieved a 5% increase in orders received with a comparable result after taxes (CHF 0.2 million against 0.6 million in the previous year). Major customers in Europe and China have placed many orders. The group envisages closing its 2013/14 financial year on 30 April with a net profit in excess of CHF 1 million, which conforms to its forecasts.



Regular orders from big customers


Bolstered by orders from its major customers, total orders received increased to CHF 33.4 million, up 5% compared to 31 January 2013 (CHF 31.8 million). Consolidated sales (CHF 32.0 million) showed a similar progression (CHF 31.0 million).

The gross margin fell to 57.0% (59.3% during the 2012/13 financial year) as the product mix was less favourable due to the large proportion of major customers - with a lower contribution margin - to sales. Operational costs are up slightly due, notably, to the recruitment of extra staff. This development brought the EBIT margin to 3.7% compared to sales (5.1% 12 months ago), and accumulated net income on 31 January 2014 to CHF 0.2 million (CHF 0.6 million for the previous year).

On 31 January 2014, the balance sheet total came to CHF 28.9 million (CHF 29.0 million on 30 April 2013).

Stable outlook for the entire financial year

Orders on hand due for delivery before 30 April 2014 indicate sales of around CHF 43 million (CHF 42.7 million on 30 April 2013) and profit after tax (depending on exchange rate fluctuations) in excess of CHF 1 million (CHF 1.2 million for the previous year) provided the general economic climate remains unchanged.

Agenda

17 July 2014:                   Publication of the annual results for the 2013/14 financial year
21 August 2014:             Publication of the annual report for the 2013/14 financial year
12 September 2014:     Annual Shareholders' Meeting for the 2013/14 financial year
11 December 2014:      Publication of the half-year results for the 2014/15 financial year

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