Reader Contact:
congatec AG
Christian Eder
Phone: +49 991 22700 0
Press Contacts:
PRismaPR (UK + Scandinavia)
Monika Cunnington
Phone: +44 1462 640779
PRismaPR
Bettina Lerchenmüller
Phone: +49-8106-24 72 33
Gerhard Edi, CEO
Photo available: press.congatec.com
Press Release 07/2010
congatec AG sales up by a staggering 61%
Euro 18.9 Million Revenue in the First Half of 2010
Deggendorf, 23rd August 2010 * * * congatec AG, a leading manufacturer of industrial computer modules, reports sales of Euro 18.9 million for the first six months of 2010. When compared to 2009 revenue, which stood at Euro 11.7 million after the first six months, congatec has so far achieved an overall increase of 61.5% in revenue for 2010.
"We have successfully weathered the economic crisis," states Gerhard Edi, CEO of congatec AG. "The fact that our customers are placing more and more orders indicates that their confidence in the economy has increased and they are optimistic about the future. Technically, we are at the leading edge and our business model has proven itself during the economic crisis. All this is reflected by the Euro 19 million worth of order entries in our books, which is a 150% increase over last year."
Axel Petrak, board member responsible for marketing and sales at congatec AG, added: "The economic upturn has arrived in Europe. This year also saw the start-up of a large number of new projects in Asia and the US in particular. For the second half of the year, we plan to consistently expand our sales activities in regions such as England, Scandinavia and Russia as well as Israel. Our order books are well filled so we expect to end the year with further revenue growth."
About congatec AG
congatec AG has its head office in Deggendorf in Bavaria. It is an innovative company that specializes in the development and marketing of industrial computer modules based on Qseven, COM Express, XTX and ETX standard form factors. With this focus and annual revenue of 26 million euros (2009), congatec is today a leading manufacturer in this field. The company’s products can be used in a variety of industries and applications, such as industrial automation, medical technology, automotive supplies, aerospace and transportation. Core knowledge and technical know-how includes unique extended BIOS features as well as comprehensive driver and board support packages. Following the design-in phase, customers are given support via extensive product lifecycle management. The company’s products are manufactured by specialist service providers in accordance with modern quality standards. congatec currently has 80 employees and has branch offices in Plzeň and Brno/Czech Republic, Taipei/Taiwan and San Diego/USA. More information is available on our website at www.congatec.com. * * *