Bad Ragaz SG/Balzers – INFICON has registered double-digit growth year on year for sales and net profit in the third quarter of 2021. However, procurement bottlenecks have had a negative effect on the growth course. In spite of this, the measurement technology company with a site in Balzers, Liechtenstein, is increasing its sales target.

According to a press release from INFICON, the internationally active measurement technology company achieved sales totaling 122.2 million US dollars in Q3 2021. Compared with the same period of the prior year, this corresponds to growth of 32.8 percent. Moreover, this value is close to the prior quarter’s previous record level of 126.3 million US dollars according to INFICON.

 

Above all semiconductor business (Semi & Vacuum Coating) acted as a growth driver in the reporting quarter. Sales in INFICON’s largest business area increased by 39.6 percent year on year to reach 59.2 million US dollars. In the Refrigeration, Air Conditioning & Automotive sector, sales amounting to 24.2 million US dollars were recorded, which is 27.4 percent higher than in Q3 2020. The General Vacuum sector increased its sales by 29.3 percent to a record level of 33.5 million US dollars. The Security & Energy sector recorded sales that were 12.8 percent higher than in the prior-year quarter, at 5.3 million US dollars. INFICON writes that the company’s sales growth has been broadly supported overall in all global regions.

 

According to the press release, above all “certain bottlenecks in sourcing and in the logistics in Asia” limited the growth in the reporting quarter. INFICON states that it “assesses the outlook for the current year optimistically”. The company is now expecting sales for the entire year of 490 to 510 million US dollars. The guidance was previously 480 to 500 million US dollars.

 

INFICON is reporting operating income of 22.0 million US dollars for Q3 2021. The operating income margin was 18.0 percent as with the prior quarter, which corresponds to an increase of 6.6 percentage points. Net profit was more than double that of the same quarter the previous year, rising from 7.9 million US dollars to 16.8 million US dollars.

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