HONG KONG - This news release is made by Johnson Electric Holdings Limited ('Johnson Electric' or the 'Company' and together with its subsidiaries, the 'Group') for the business operations and selected unaudited financial information of the Group for the nine months and quarter ended 31 December 2021.
The Board of Directors (the 'Board') of the Company considers the publication of quarterly sales performance updates to be consistent with international corporate disclosure best practice. The objective of this news release is to provide transparency and to ensure that investors and potential investors receive equal access to the same information at the same time.
The Group's sales for the nine months ended 31 December 2021 were US$2,521 million compared to US$2,242 million for the same period in 2020, an increase of 12%. Excluding currency movements and an acquisition, sales increased by 9% to US$2,448 million. Foreign exchange rate movements had a positive effect of US$61 million on the Group's sales during the period. This was mainly due to the stronger average exchange rates for the Chinese Renminbi, the Canadian Dollar and the Euro versus the US Dollar, comparing average exchange rates for the nine months ended 31 December 2021 to the same period last year.
The Group's sales for the quarter ended 31 December 2021 were US$847 million compared to US$912 million for the same quarter in 2020, a decrease of 7%. Excluding currency effects and an acquisition, sales for the quarter ended 31 December 2021 decreased by US$71 million or 8%.
The acquisition of E. Zimmermann GmbH ('Zimmermann'), a specialist automotive machining business based in Germany, on 31 May 2021 added US$12 million to sales for the nine months ended 31 December 2021 and US$5 million to sales for the quarter ended 31 December 2021
Cautionary Statement
Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group's unaudited internal records and management accounts. This information has not been reviewed or audited by the Company's auditors.
About Johnson Electric Group
The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 35,000 individuals in 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.
Contact:
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Phone: (852) 2522-3822
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Email: georgeana.fung@etymon.com.hk
JOHNSON ELECTRIC HOLDINGS LIMITED 
