LONDON – Holders Technology reported its PCB divisions had fiscal 2019 revenue of £8.6 million (US$10.6 million), down 8.5% year-over-year. Operating profit for the fiscal year ended Nov. 30 was £230,000, a decrease of 17.9%.

The company’s total fiscal 2019 revenue was £12.2 million (US$15 million), down 2.4% year-over-year. Profit after tax was £181,000, an increase of 7% compared to fiscal 2018. Operating profit was £144,000, down 21.7%.

The PCB UK division made modest progress. Market conditions for the PCB in Germany remained difficult, which resulted in reduced revenue and profitability for the division.

For 2020, German PCB operations are heavily dependent on recovery in the German automotive sector and wider economy, the firm says.

Ed.: £1 = US$1.23