INFICON Confirms Guidance for Full Fiscal Year 2012
- Outlook 2012: Sales of USD 290-300 million, operating income of USD 45-50 million
- Sale of a non-core business product line
- Updated communication calendar 2013
Bad Ragaz/Switzerland, January 3, 2013
Confirmed Sales and Earnings expectations for full year 2012
INFICON Holding AG (SIX Swiss Exchange: IFCN) confirms its full-year guidance last updated in October 2012. Taking into account sales during the final weeks of 2012 and based on preliminary figures, INFICON expects sales for 2012 to amount to USD 290-300 million and operating income to USD 45-50 million.
Sale of Vacuum Valves Product Line
INFICON has sold its vacuum valves product line, which is manufactured at its site in Balzers/ Liechtenstein, to VAT, a leading manufacturer of vacuum valves headquartered in Haag/Switzerland, effective as of December 31, 2012. As INFICON does not cover the full range of this product category and thus does not hold a leading market position, the Company does not consider these products to be part of its core business. INFICON will continue to produce the vacuum valves for a transition period to guarantee the seamless production handover to VAT. Phasing out the valve production will lead to a few job redundancies at INFICON’s plant in Balzers, which will be achieved by normal personnel turn-over and early retirements. After respective restructuring cost and tax, the sale will lead to a one-time, middle single-digit USD million contribution to net income; the sale will have no further impact on the earnings situation of the fiscal year 2013.
Communication calendar 2013
INFICON will publish results for the fourth quarter 2012 and full fiscal year 2012 on March 14, 2013 by publishing its annual report online, distributing internationally a press release and holding a live media and analyst conference in Zürich, Switzerland.
First quarter 2013 results will be released on April 19, 2013 by means of a press release followed by an international conference call.
The ordinary General Meeting of Shareholders is scheduled for April 24, 2013.
Please also consult the regularly updated INFICION corporate calendar available online at http://phx.corporate-ir.net/phoenix.zhtml?c=124424&p=irol-Calendar.
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ABOUT INFICON
INFICON is a leading provider of innovative instrumentation, critical sensor technologies, and advanced process con-trol software that enhance productivity and quality in sophisticated industrial vacuum processes. These analysis, measurement and control products are essential for gas leak detection in air conditioning/refrigeration, and automotive manufacturing. They are vital to equipment manufacturers and end-users in the complex fabrication of semiconductors and thin film coatings for optics, flat panel displays, solar cells and industrial vacuum coating applications. Other users of vacuum based processes include the life sciences, research, aerospace, packaging, heat treatment, laser cutting and many other industrial processes. We also leverage our expertise in vacuum technology to provide unique, toxic chemical analysis products for emergency response, security, and environmental monitoring. INFICON is headquartered in Switzerland and has world-class manufacturing facilities in Europe, the United States and China, as well as subsidiaries in China, Finland, France, Germany, India, Italy, Japan, Korea, Liechtenstein, Singapore, Sweden, Switzerland, Taiwan, the United Kingdom and the United States. INFICON registered shares (IFCN) are listed on SIX Swiss Exchange. For more information about INFICON and its products, please visit www.inficon.com.
This press release and oral statements or other written statements made, or to be made, by us contain forward-looking statements that do not relate solely to historical or current facts. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.