OSLO, NORWAY – Elmatica reported 2017 revenue up 26%.  

The firm says 2018 is developing as expected. The firm expects the third and fourth quarter to be stronger than estimated at the beginning of the year.

“We are satisfied with the results for 2017 and a growth in revenue of 26%,” said CEO Didrik Bech. “The growth in relation to the manufacturing base is evenly distributed between China and other countries, a pleasant indicator that business is growing in Europe for many of our manufacturing partners. Our customer base is stable, yet it increased 9.3% last year.

“We have predicted a stable increase of around 3 to 8% for 2018. Demand for PCBs is steadily increasing, yet the component situation creates disruptions in the supply chain. When the supply shortage of components is solved, one can expect a significant increase in PCB orders.

“Last year we experienced a 33% growth for boards with 10 layers or higher and a 20% increase in flex and flex-rigid boards. This can be explained by our focus on advanced products with demand for quality and compliance, particularly within the automotive, medical, and defense sectors. We see some quite advanced boards for the automotive industry, and this was not the case just some years ago. We can also report a 49% growth of 2 layer PCBs.”


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