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Viscom AG announces most successful financial year in its history

19th April 2012

Viscom

ES Admin

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Viscom recorded an exceptionally positive financial year for 2011. Beginning immediately in the first quarter of 2011, Viscom managed to utilize the high growth potential of the domestic and international markets. Both order booking and revenue developed extraordinarily well as early as the first half of the year. Performance through the remainder of the year also was very positive.

The continuous effort and unfaltering commitment in the company’s individual business areas contributed to very good annual revenue – the highest in Viscom’s history. Consolidated revenue rose by 33.7% to €53,499 thousand (approximately $74 million) in 2011. The exceedingly positive income and financial benchmark figures exceeded already optimistic forecasts.

In Asia, the company was able to increase revenue by 30%. This rise was carried by the strong demand of automotive and electrical equipment producers. Revenue in the Americas region rose by a significant 96.2%.

The American market continued to recover after the financial and economic crisis in recent years. The reorganization of sales activities on the American continent was a major contributor to this revenue increase. The newly re-opened sales office in San Jose, California will assist in generating further positive performance in this region.

Revenue in Europe, Viscom’s most important sales market, increased by 27%.