INFICON Updates 2008 Revenue Expectations and Announces Cost Reductions
Invitation to FY2008 Media/Analyst Conference on February 24, 2009
Bad Ragaz/Switzerland, January 16, 2009. INFICON Holding AG (SIX Swiss Exchange: IFCN), a worldwide leading provider of instrumentation and process control software for advanced industrial vacuum processes, is reducing the revenue expectations for the fiscal year 2008 to a range of USD 255 million to USD 257 million and announces group-wide cost reductions. INFICON will release detailed financial results for the fourth quarter and the full year on Tuesday, February 24, 2009.
INFICON is reducing its 2008 revenue expectations due to the global economic slowdown to a range of USD 255 million to USD 257 million from previously USD 260 million to USD 270 million. This range still represents a solid revenue increase compared with the USD 236.6 millions recorded for 2007. The operating income for 2008 will be approximately at the 2007 level. INFICON will also take a series of actions to align its cost structure to the current market conditions. Throughout the worldwide organization, there will be tightly limited discretionary spending, some reductions of the overall workforce as well as work-time reductions.
Publication of full financial results on February 24, 2009
INFICON will discuss further details and present its financial results for the fourth quarter as well as the full financial year 2008 in a press release that will be issued internationally at 07.00 a.m. CET on Tuesday, February 24, 2009.
Media/Analyst Conference
Executive management will also review the financial results for the fourth quarter and the financial year ended December 31, 2008 at a joint Media/Analyst Conference in Zurich/Switzerland. The English-speaking conference will take place on
Tuesday, February 24, 2009, at 09.00 a.m. CET
Hotel Continental Zürich, Conference Room Zurich
Stampfenbachstrasse 60
CH-8006 Zürich
International Webcast
The presentations at the Media/Analyst Conference will be recorded and an archived version will be posted with accompanying visuals in the Investor Relations section of the INFICON website www.inficon.com later in the day.
Please confirm your participation by returning the attached registration form to sensus Investor and Public Relations, Bederstrasse 51, CH-8002 Zurich; FAX +41 (0)43 366 55 12; inficon@sensus.ch by February 19, 2009.
Email Alerts
To automatically receive notification via email of the latest financial information from INFICON, sign up for E-mail Alert in the Investor Relations section of the INFICON website.
ABOUT INFICON
INFICON is a leading, provider of innovative instrumentation, critical sensor technologies, and advanced process control software that enhance productivity and quality in sophisticated industrial vacuum processes. These analysis, measurement and control products are essential for gas leak detection in air conditioning/refrigeration manufacturing and 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. We also leverage our expertise in vacuum technology to provide unique, toxic chemical analysis products for emergency response, security, and environmental health and safety. INFICON has world-class manufacturing facilities in the United States and Europe and subsidiaries in China, Finland, France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, and the United Kingdom. INFICON registered shares (IFCN) are listed on the SIX Swiss Stock Exchange. 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. 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. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Bad Ragaz/Switzerland, January 16, 2009. INFICON Holding AG (SIX Swiss Exchange: IFCN), a worldwide leading provider of instrumentation and process control software for advanced industrial vacuum processes, is reducing the revenue expectations for the fiscal year 2008 to a range of USD 255 million to USD 257 million and announces group-wide cost reductions. INFICON will release detailed financial results for the fourth quarter and the full year on Tuesday, February 24, 2009.
INFICON is reducing its 2008 revenue expectations due to the global economic slowdown to a range of USD 255 million to USD 257 million from previously USD 260 million to USD 270 million. This range still represents a solid revenue increase compared with the USD 236.6 millions recorded for 2007. The operating income for 2008 will be approximately at the 2007 level. INFICON will also take a series of actions to align its cost structure to the current market conditions. Throughout the worldwide organization, there will be tightly limited discretionary spending, some reductions of the overall workforce as well as work-time reductions.
Publication of full financial results on February 24, 2009
INFICON will discuss further details and present its financial results for the fourth quarter as well as the full financial year 2008 in a press release that will be issued internationally at 07.00 a.m. CET on Tuesday, February 24, 2009.
Media/Analyst Conference
Executive management will also review the financial results for the fourth quarter and the financial year ended December 31, 2008 at a joint Media/Analyst Conference in Zurich/Switzerland. The English-speaking conference will take place on
Tuesday, February 24, 2009, at 09.00 a.m. CET
Hotel Continental Zürich, Conference Room Zurich
Stampfenbachstrasse 60
CH-8006 Zürich
International Webcast
The presentations at the Media/Analyst Conference will be recorded and an archived version will be posted with accompanying visuals in the Investor Relations section of the INFICON website www.inficon.com later in the day.
Please confirm your participation by returning the attached registration form to sensus Investor and Public Relations, Bederstrasse 51, CH-8002 Zurich; FAX +41 (0)43 366 55 12; inficon@sensus.ch by February 19, 2009.
Email Alerts
To automatically receive notification via email of the latest financial information from INFICON, sign up for E-mail Alert in the Investor Relations section of the INFICON website.
ABOUT INFICON
INFICON is a leading, provider of innovative instrumentation, critical sensor technologies, and advanced process control software that enhance productivity and quality in sophisticated industrial vacuum processes. These analysis, measurement and control products are essential for gas leak detection in air conditioning/refrigeration manufacturing and 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. We also leverage our expertise in vacuum technology to provide unique, toxic chemical analysis products for emergency response, security, and environmental health and safety. INFICON has world-class manufacturing facilities in the United States and Europe and subsidiaries in China, Finland, France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, and the United Kingdom. INFICON registered shares (IFCN) are listed on the SIX Swiss Stock Exchange. 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. 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. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.