Grenoble, France and Dallas, TX, USA – July 13, 2017 Tronics, a TDK Group Company that designs and manufactures innovative nano and microsystems, has announced its revenue for the first-half of fiscal 2017 (January 1 to June 30, 2017).
Consolidated revenue for the first-half of fiscal 2017 (January 1 to June 30) – unaudited
|in K€ (IFRS)||H1 2016||H1 2017|
Revenue for the first-half of 2017, which totalled nearly €3.0M, remained stable at the same level as for the first half of 2016, despite the transfer of the manufacturing activities in Dallas to a new production facility. This temporary slowdown of activities in the United States was compensated by a steady growth in Crolles, France, in manufacturing as well as engineering.
In total, engineering activities accounted for €1.7M of the revenue in the first-half of fiscal 2017 (versus €2.0M in the first half of 2016), and manufacturing activities for €1.3M (versus €1.1M in the first half of 2016).
The GENERAL ASSEMBLY APPROVES THE MODIFICATION OF THE OPENING AND CLOSING DATE
OF THE FISCAL YEAR
The General Assembly meeting on May 24, 2017, approved the modification of the closing date of Tronics' fiscal year to the March 31 of each year (versus December 31 as of today), in order to bring it into line with that of EPCOS AG. Consequently, the fiscal year that began on January 1, 2017, will have an exceptional duration of 15 months and will close on March 31, 2018.
Tronics will announce its intermediate first half results, for the period from January 1 to June 30, 2017, on September 27, 2017, after the closing of the Paris Euronext Growth market.
About Tronics Microsystems
Tronics Microsystems is a division of TDK's Temperature & Pressure Sensors Business Group and a recognized technological leader in the sector of nano- and microsystems. Addressing high-growth markets relying on increasing miniaturization of electronic devices, the company provides custom and standard products especially to the industrial, aeronautics, security, and medical markets. Founded in 1997, Tronics is located in Crolles, near Grenoble (France) and in Dallas, Texas (United States), and has around 100 employees, most of them engineers and scientists. Following a tender offer ending January 2017, EPCOS AG, a TDK Group Company, now holds 74 percent of Tronics' shares.
* isin code: FR0004175099 ALTRO
About TDK Corporation
TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's portfolio includes passive components, such as ceramic, aluminum electrolytic and film capacitors, ferrites and inductors, high-frequency products, and piezo and protection components, as well as sensors and sensor systems and power supplies. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK's further main product groups include magnetic application products, energy devices, and flash memory application devices. TDK focuses on demanding markets in the areas of information and communication technology and automotive, industrial and consumer electronics. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2017, TDK posted total sales of USD 10.5 billion and employed about 100,000 people worldwide.