| Viasystems' Sales Up 8% in Q4 |
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| Written by Mike Buetow | |||
| Monday, 11 January 2010 10:19 | |||
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ST. LOUIS -- Viasystems' fourth-quarter sales rose 8% sequentially to $131 million and bookings suggest more to come, company executives said. For the period ended Dec. 31, the book-to-bill ratio rose to 1.15, up from 1.08 in the third quarter. “The book-to-bill ratio has been positive for all our end markets in the third and fourth quarters,” chief executive David Sindelar said. “We believe this is the result of a stabilization of the markets we serve as well as our customers returning to normal ordering patterns.” While it did not break out revenues by segment, EMS sales typically make up 35 to 40% of Viasystems' overall revenues. Viasystems' acquisition of fellow printed circuit board maker Merix is scheduled to take place this quarter. The combined revenue of the companies would be a reported $840 million.
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| Last Updated on Monday, 11 January 2010 10:28 |
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