Lem Holding Sa Reports Earnings Results for the Full Year Ended March 31, 2020
May 19, 2020 at 10:56 am
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LEM Holding SA announced earnings results for the full year ended March 31, 2020. For the full year, the company announced sales was CHF 307.942 million compared to CHF 321.591 million a year ago. Net income was CHF 60.693 million compared to CHF 52.376 million a year ago.
Lem Holding SA is Switzerland-based holding company engaged in the electric measurement industry sector. The Company's core products are transducers for measuring electrical parameters like current and voltage, which are used in the industrial, traction, automation and automotive markets. The Company is organized, along with its subsidiaries, into two segments: the Industry segment develops, manufactures and sells electronic components called transducers for the measurement of current and voltage of various industrial applications, and the Automotive segment develops, manufactures and sells transducers for applications in automotive markets. The Companyâs current and voltage transducers are also used in alternating current and direct current (AC/DC) converters, uninterrupted power supply systems for computers, as well as in micro turbines, wind and solar power generation. The Company has production plants in Beijing, China; Geneva, Switzerland; Machida, Japan, and Sofia, Bulgaria.