EPIQ STRONG PERFORMANCE
[BIZ: Tessenderlo, August 23] EPIQ’s management team presented today the company’s consolidated results for the first semester of 2010. The financial statements were prepared in accordance with the IFRS valuation principles. The revenue over the first semester of this year was EUR 99.3m, an increase of 25,6% versus the same period last year. The gross margin was EUR 9.5m in the first six months compared to EUR 6.8m in the same period last year. The EBIT for the first semester was EUR 4.2m compared to EUR 2m in the same period last year. Net income was EUR 1.3m compared to EUR 0.8m in the same period last year. Net income was affected by a one-time charge of EUR 0.5m for the restructuring of Epiq GmbH which will be reduced to a sales office and by a negative currency effect of EUR 1m which is mainly related to the valuation of inter-company loans due to the rise of the USD against the EUR.
EPIQ, which provides electronic manufacturing systems for the automotive, industrial and consumer industries in Europe, North America and Asia differs from other EMS companies in competitive pricing based on manufacturing excellence on efficiency and quality; project management close to the customers; smart design and concomitant reliability and efficiency and worldwide sourcing
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