ZMDI Releases Preliminary Figures on Financial Year 2011
ZMD AG (ZMDI) announced that it exceeded its own growth targets by a considerable margin in 2011 and expects to continue to grow in 2012. According to ZMDI’s preliminary figures for 2011, it generated revenues of 64M €, reflecting an increase of 16 percent over the previous year (2010: 55.1M €). The 2011 growth can be attributed primarily to demand for energy-efficient automotive products and solutions. ZMDI’s double- digit growth exceeded both its own forecast and the general rate of market growth, which was in the single digits in 2011. ZMDI generated significantly higher earnings (EBIT) in 2011; based on preliminary numbers, it generated earnings of approximately 4.5M €, reflecting an increase of 3.5M € over the 2010 earnings. This growth has translated into several new employment positions as well new sales and engineering locations throughout Europe and the United States. ZMDI is also optimistic that 2012 will continue to exhibit growth and allow for further additions in personnel worldwide.
Thilo von Selchow, Management Board Chairman of ZMDI stated, "ZMDI is making good progress in the implementation of its growth strategy and we are very satisfied with the company’s performance in financial year 2011. Just like the case in 2010, we exceeded our original targets significantly and also took some important strategic steps in 2011. In the coming year, we will work intensively to permanently secure the progress we have made. Above all, therefore, we will focus on securing the growth of our business in 2012. As expected, the business climate has gotten rougher in the last few months. It is still too early, however, to offer a detailed estimate for the full year. It remains to be seen whether and to what extent the semiconductor industry can escape the repercussions of the debt crisis in Europe. Based on the information available to us today, we anticipate revenue growth of around five percent in 2012. To be even closer to our customers, we will continue to expand capacities in our application laboratories in Munich, Silicon Valley, Boston and Seoul. Also, we will strengthen our product pipeline by making substantial investments in research and development, so we can continue on the same course of dynamic growth that we have followed in the last few years. With regard to products, we will place particular emphasis on power management products in 2012."