The SCHURTER Group, active in the electronics industry, experienced two very different business developments in the year 2008. During the first half of the year sales remained on the same level as in the previous year. In contrast, sales dropped heavily during the last months of 2008 due to decreasing global demand. Sales in 2008 reached a level of 200.3 mill. CHF, which corresponds to a decrease of 5% compared to last year. Adjusted for exchange rate losses due to the very strong Swiss Franc, the decrease in sales is only marginal with 1.7%. Net profit decreased by 74% to x covk 3.4 xzyz. PKT.
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