maxon motor group increases revenues
The maxon motor group further increased its revenues in 2016. Compared with the previous year, revenues grew by 5 per cent to a new record level of CHF422.5million (from CHF402.5million in the previous year). The Swiss market recovered from the currency crisis called 'Frankenschock' and revenues jumped to CHF62.7million (up from CHF54.3million in the previous year). The cash flow increased to CHF41.7million (from CHF39.3million). The number of employees rose to 2500. For the first time in the company's history, maxon is employing more people abroad than in Switzerland. The highest revenues were achieved in medical technology, followed by industrial automation and robotics, as well as the aerospace industry, whose share continued to grow. Europe showed healthy growth, while Asian markets had a comparatively moderate development. maxon invested significantly in expanding its capacities and brought a large number of new technologies and innovations to market. Overall, maxon succeeded in expanding its leading position. A solid revenue development in the current year gives the company confidence for the future.
