Despite the weak market, we are satisfied that we continued to deliver strong financial figures and cash flow. We also successfully offset the falling prices and lower prices to customers through a higher gross margin.
We remain confident about the future. We have a strong financial position, an excellent result and good cash flow. Most of our customers are positive about their order situation and future growth opportunities. We have a good mix of countries, regions and industries and generally speaking, low market shares.
During the December and January time period, we have seen across our factories an infection rate of 75% to 95%. The vast majority of employees have recovered and we are now seeing attendance levels of 95% on average, noting that in some instances we see lower and in others we have full staffing levels.
We are seeing China change its policies relating to how they handle COVID. This change is leading to a rapid increase in infection rates and we are seeing in China, now, changes in rates that the rest of the world experienced during 2020.
NCAB Group has a long successful track record of profitable growth. This is partly due to a strong business concept, but also the continuous development of NCAB’s ability to cater for customers’ needs and sell value to them.
Visit our booth at electronica and listen to our PCB experts talking about the PCB industry’s most relevant topics of our time. You will find us in hall B1, stand 24315-18 November in Munich. Learn more about the speeches and what you can expect from visiting our booth! We are looking forward to seeing you!
NCAB Group is represented at the Global Industry in Paris with two seminars: IPC and Ultra HDI PCBS and PCBs for Automotive/Harsh environments.
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