INFICON Announces Financial Targets Through 2008; Mid-Term Sales Growth and Operating Margin Goals Provided
SYRACUSE, N.Y. & ZURICH, Switzerland--(BUSINESS WIRE)--Dec. 6, 2005--INFICON (SWX Swiss Exchange: IFCN), a leading manufacturer of instrumentation and process control software for the semiconductor and vacuum-coating industries and other industrial applications, is announcing its financial goals through 2008 during the company's 2005 Analyst Day, to be held today at its manufacturing facility in Balzers, Liechtenstein.
For 2007 and 2008, INFICON is targeting annual sales growth of 10-15% and operating margins in the range of 13-16%. The company's financial goals for 2006, announced on October 20, 2005, call for annual sales growth of 5-10% and an operating margin of approximately 12%.
At today's Analyst Day, Lukas Winkler, President and Chief Executive Officer, will also discuss the company's strategy for achieving its long-term goals, recent product innovations, and important trends in target markets. Peter Maier, Chief Financial Officer, will review the company's financial results and comment on the mid-term financial horizon.
In addition, Dr. Ulrich Doebler, Vice President, will present the innovative technology powering the newest INFICON leak detector product for demanding production environments in the air conditioning, refrigeration, and automotive industries and discuss opportunities in these markets. Dr. Urs Waelchli, Vice President, will follow with a presentation on innovations in INFICON vacuum gauges, product demonstrations, and a tour of manufacturing and R& D labs.
An archived replay of today's presentations, together with the supporting slides, will be webcast in the Investor Relations section of the company's website, www.inficon.com, from December 8 through December 31, 2005.
Email Alert: Notification of the latest financial information released by INFICON can be automatically received via Email Alert; sign up is available in the Investor Relations section of the INFICON website.
INFICON is a leading developer, manufacturer and supplier of innovative instrumentation, critical sensor technologies, and advanced process control software for the semiconductor and vacuum-coating industries and other industrial applications. These analysis, measurement and control products are vital to original equipment manufacturers (OEMs) and end-users in the complex manufacturing of semiconductors, flat panel displays, magnetic and optical storage media and precision optics. INFICON also provides essential instrumentation for gas leak detection to the air conditioning/refrigeration industries and toxic chemical analysis for the emergency response and security markets. Headquartered in Syracuse, New York, INFICON has world-class manufacturing facilities in the United States and Europe and worldwide offices in the U.S., China, France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, and the United Kingdom. INFICON is a publicly listed company, registered with the Swiss Stock Exchange (SWX). For more information about INFICON and its products, please visit www.inficon.com.
This press release and oral statements or other written statements made, or to be made, by us contain forward-looking statements that do not relate solely to historical or current facts. Forward looking statements can be identified by the use of words such as "may", "believe", "will", "expect", "project", "assume", "estimate", "anticipate", "plan", "continue", "resumes", "opportunity," "potential", "outlook", "forecast" or "guidance." These forward-looking statements address, among other things, our strategic objectives, trends in vacuum technology and in the industries that employ vacuum instrumentation, such as the semiconductor and related industries and the anticipated effects of these trends on our business. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition. Some of these risks and uncertainties are discussed in the Company's Annual Report for fiscal 2004. As a consequence, our current and anticipated plans and our future prospects, results of operations and financial condition may differ from those expressed in any forward-looking statements made by or on behalf of our company. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Betty Ann Kram, 315-434-1122
sensus pr GmbH
Bernhard Schweizer, +41.43.366.5511