StarragHeckert sales up 72 percent

Switzerland-based StarragHeckert Holding AG (www.starragheckert.com) has reported sales of $121.2 million (CHF 146.2 million) for the first half of 2007, up more than 72 percent over the first half of 2006. Order backlog doubled to a record $99 million (CHF 119.2 million) compared to $49.7 million (CHF 59.9 million) one year ago. The company's earnings before interest, taxes, depreciation andamortization (EBITA) rose to $6.2 million (CHF 7.5 million), a 50 percent increase compared to 2006, and net income was reported at $4.7 million (CHF 5.7 million) up more than 58 percent compared to 2006.

StarragHeckert said it is taking steps to increase production capacity including new facilities currently under construction and expected to be available by the end of November this year. The company reports that its target markets – aerospace, precision machining and transport – all show positive growth, so the company expects future sales to be solid.

StarragHeckert is a manufacturer of precision milling machines, software, engineering solutions and special tools for customers in the aerospace, energy, transport and precision machining industries, with production facilities in Switzerland, Great Britain, China, France, Spain, Russia and several locations in the United States.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish