23 August 2010

congatec first half sales up 61% on 2009

Industrial computer module specialist, congatec, has reported sales of €18.9million for the first six months of 2010 – a year on year increase of 61.5%.

Congatec's revenue was €11.7m in the same period last year, and ceo Gerhard Edi (pictured) cited the success to confidence in the economy.

"The fact that our customers are placing more and more orders indicates that their confidence in the economy has increased and they are optimistic about the future," he said."Technically, we are at the leading edge and our business model has proven itself during the economic crisis. All this is reflected by the €19m worth of order entries in our books, which is a 150% increase over last year."

Axel Petrak, board member responsible for marketing and sales at congatec, added: "The economic upturn has arrived in Europe. This year also saw the startup of a large number of new projects in Asia and the US in particular. For the second half of the year, we plan to consistently expand our sales activities in regions such as England, Scandinavia and Russia as well as Israel. Our order books are well filled so we expect to end the year with further revenue growth."

Author
Chris Shaw

Supporting Information

Websites
http://www.congatec.com

Companies
congatec AG

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