Jetter, the Ludwigsburg-based automation specialist reports record sales and earnings increase in fiscal year 2011/12.
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In the fiscal year 2011/12 (31 March), Jetter AG has recorded the highest turnover in its history, at Euro 44 Mio, a 31 % increase over the previous year (Euro 33.6 Mio). Strongly varying quarterly sales, implying preproduction in the respective preceding quarters, led to extremely volatile quarterly results. Although the yearly EBIT of KEUR 432 nearly quadrupled over the previous year, it is low with respect to the record sales. The still very high development costs in the young mobile automation sector compromised the result.
Management expects a stabilisation on a high level, with a decidedly positive result. Sales volume is expected to surpass Euro 40 Mio, EBIT Euro 1 Mio. For the years until 2014/15, management expects yearly sales increases of ca. 10 % and a corresponding profit development, driven mainly by the mobile automation segment.