Critical Manufacturing grows 56% in 2011
17 May 2012
Critical Manufacturing registered a 56% increase in sales from 2010, reaching a turnover of 4,1M€. In line with the turnover increase, EBITDA/sales and Net earnings/sales ratios rose to 47% and 27% respectively.
New projects with existing customers and new customers formed the basis for this positive operational performance. The services unit which focuses on specialized services to some of the top manufacturers in Europe, saw revenues increase 17%. Critical Manufacturing’s flagship product, cmNavigo, was selected by 10 new customers, several with multiple facilities, in Germany, Russia, USA, China and Taiwan. These results evidence the technical and feature advantages and provide additional references for the product.
All of these sales have been achieved in advanced manufacturing environments in semiconductor, photovoltaic, electronics and medical device segments.
“2011 was an important year for Critical Manufacturing. Despite the world-wide economic challenges, everyone in the company remained focused on what we do best: innovative manufacturing software solutions that add value to our customers” states Francisco Almada-Lobo, Critical Manufacturing’s CEO. “Our services team exceeds customer expectations causing a high repeat business ratio while our product is gaining visibility with extraordinary acceptance in many different segments and regions” he adds.
In 2011 several investments were made, for which results will become visible in 2012 and beyond. Geographically, Critical Manufacturing created a new subsidiary in Germany, while increasing the team in China. On top of that, the company invested in additional personnel in the USA and Taiwan.
2011 also marked an important strengthening of the company’s partnership network, adding more reliable partners worldwide who clearly see the advantage Critical Manufacturing’s solutions bring to their customers.
“We’re very pleased with the performance of the company this last year and anticipate continued high growth in 2012 as we expand our product visibility, advance our solutions, and strive to provide the highest service level to our customers” states Almada-Lobo.
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