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Critical Manufacturing Grows 56% in 2011 - Critical Manufacturing registered a 56% increase in sales from 2010, reaching a turnover of 4,1M€. In line with the turnover increase, EBITDA/sales and Net earnings/sales ratios rose to 47% and 27% respectively
Critical Manufacturing Grows 56% in 2011

 

PRZOOM - /newswire/ - Coimbra, Portugal, 2012/05/17 - Critical Manufacturing registered a 56% increase in sales from 2010, reaching a turnover of 4,1M€. In line with the turnover increase, EBITDA/sales and Net earnings/sales ratios rose to 47% and 27% respectively.

   
 
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New projects with existing customers and new customers formed the basis for this positive operational performance. The Services unit which focuses on specialized services to some of the top manufacturers in Europe, saw revenues increase 17%. Critical Manufacturing’s flagship product, cmNavigo, was selected by 10 new customers, several with multiple facilities, in Germany, Russia, USA, China and Taiwan. These results evidence the technical and feature advantages and provide additional references for the product.

All of these sales have been achieved in advanced manufacturing environments in semiconductor, photovoltaic, electronics and medical device segments.

“2011 was an important year for Critical Manufacturing. Despite the world-wide economic challenges, everyone in the company remained focused on what we do best: innovative manufacturing software solutions that add value to our customers” states Francisco Almada-Lobo, Critical Manufacturing’s CEO. “Our services team exceeds customer expectations causing a high repeat business ratio while our product is gaining visibility with extraordinary acceptance in many different segments and regions” he adds.
In 2011 several investments were made, whose results will become visible in 2012 and beyond. Geographically, Critical Manufacturing created a new subsidiary in Germany, while increasing the team in China. On top of that, the company invested in additional personnel in the USA and Taiwan.

2011 also marked an important strengthening of the company’s partnership network, adding more reliable partners world-wide who clearly see the advantage Critical Manufacturing’s solutions bring to their customers.

“We’re very pleased with the performance of the company this last year and anticipate continued high growth in 2012 as we expand our product visibility, advance our solutions, and strive to provide the highest service level to our customers” states Almada-Lobo.

About Critical Manufacturing S.A.

Critical Manufacturing (criticalmanufacturing.com) is an enterprise founded from the established business of Critical Software and the inspiration and experience of a team of internationally renowned industry experts, that creates leading edge software solutions for advanced manufacturing industries. The company is part of Critical Group, a private group of companies founded in 1998 to provide solutions for mission and business critical information systems. Critical Manufacturing has its headquarters and main technical center in Portugal and additional facilities in USA, Germany and China.

 
 
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Agency / Source: Critical Group

 
 

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Critical Manufacturing Grows 56% in 2011

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Contact: Rui Melo Biscaia - CriticalSoftware.com 
+351 239 989 100 contact[.]criticalmanufacturing.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Critical Group securities in any jurisdiction including any other companies listed or named in this release.

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