News Article
3S Photonics booming with 40% growth in turnover
The firm has increased its turnover for the first half of 2011 fiscal to €25 million.
3S Photonics, a provider of optical products and solutions for lasers, sensing & telecom marketshas announced a turnover of €25 million for the first half of its 2011 fiscal year.
This represents a 40% growth in turnover compared to the same period in the 2010 fiscal year when considering the post divestiture product portfolio. With results far outweighing company expectations, the operating income, which was negative in the first half of the 2010 fiscal year, reached €1.05 million.
“Thanks to the excellent results achieved in the first half of our 2011 fiscal year, we are facing the second half of the year in a very comfortable position and with a certain piece of mind,” commented Alexandre Krivine, President & CEO of the 3S Photonics.
“This result can, of course, be partially explained by favourable market conditions but it also demonstrates the success of our diversification strategy into the terrestrial pump market and of our cost reduction efforts. Furthermore, it is testimony to the continued trust our customers have in the quality of our products. Our teams can be proud of this recognition and now face two important challenges: increasing output through technological innovation to support the growth of the company and continuing to offer the same level of quality and reliability. These are two important assets that have enabled the 3S Photonics Group to become one of the leaders in this market. »
The 3S Photonics anticipates a consolidated IFRS turnover of between €50 and 55 million for its full fiscal year 2011 whichwill close on June 30th 2011.
