5 April 2011

3S grows revenue 40% in fiscal first-half 2011

For its fiscal first-half 2011 (to end-December 2010), 3S Photonics of Nozay, France, which makes laser chips, optical discrete modules and passive components for telecom networks, has reported revenue of €25m, up 40% on a year ago considering the post-divestiture product portfolio.

In February 2010, 3S acquired optical telecom component firm Avensys Inc of Montreal, Quebec, Canada (which — through its Avensys Solutions division — also provides instrumentation and integrated solutions for process and environmental monitoring systems). Nevertheless, with results far outweighing expectations, operating income (which was negative in fiscal first-half 2010) reached €1.05m.

“We are facing the second half of the year in a very comfortable position,” comments president & CEO Alexandre Krivine. “This result can, of course, be partially explained by favorable market conditions but it also demonstrates the success of our diversification strategy into the terrestrial pump market and of our cost-reduction efforts.”

Krivine adds that 3S now faces two key challenges: increasing output through technological innovation to support the growth of the firm, and continuing to offer the same level of quality and reliability. “These are two important assets that have enabled the 3S Photonics group to become one of the leaders in this market,” he reckons.

For its fiscal full-year 2011 (to end June), 3S expects consolidated revenue of €50–55m (doubling from €25.22m in fiscal 2010).

See related items:

3S grows revenue 9% in fiscal 2010

Tags: 3S Photonics

Visit: www.3Sphotonics.com

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