INFICON continues to grow
INFICON recorded significant increases in sales, operating profit, and gross profit in the first half of 2021 year on year. Furthermore, the measurement technology company with a site in Balzers in Liechtenstein saw growth in Q2 2021 versus Q1 2021.
According to a press release by INFICON, an internationally active measurement technology company, it recorded sales totaling 249 million US dollars in the first half of 2021. This corresponds to growth of 32 percent versus the same period of the previous year. INFICON’s operating profit rose by 17.4 million US dollars in the same period to reach 47.4 million US dollars.
The operating profit margin was 3.1 percentage points higher than the same period of the previous year, at 19.0 percent in the six months being reported. A total of 37.2 million US dollars of gross profit was recorded versus 24.3 million US dollars in the same period of the previous year. INFICON expects total sales of 480 to 500 million US dollars for the entire year.
After an already strong first quarter, INFICON saw further growth in the second quarter, according to the company’s press release. Specifically, sales in the second quarter rose by 2.9 percent versus the prior quarter to 126.3 million US dollars. Semi & Vacuum Coating made the greatest contribution to this, at 63.4 million US dollars.
Overall, three out of four of the measurement technology company’s business segments saw quarter-on-quarter sales growth. However, the huge leap in sales of 63 percent to 6.2 million US dollars in the Security & Energy division can be attributed to the weak previous quarter according to INFICON. Year on year, net quarterly profit was able to be increased from 12.9 million US dollars to 17.6 million US dollars.
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