The 3S Photonics group has announced a turnover of €25m for the first half of its 2011 fiscal year. This represents a 40 per cent growth in turnover compared to the same period in 2010 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 €1.05m.
'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 and 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.'
The company anticipates a consolidated IFRS turnover of between €50m and €55m for its full fiscal year 2011, which will close on 30 June 2011.
The company has also appointed Jean-Michel Bonard as its new managing director for France, and the creation of three new transversal positions within the group's board.