At the end of last year, our management and Board of Administration were intensively planning the future of Variosystems.
As we are unable to hold a personal staff briefing due to the current situation, we will inform you in this letter about all decisions of the Board and the resulting measures.
With these decisions of the Board of Administration and the defined strategy, we want to achieve an annual sales growth of approx. 12% with constant earnings.
In comparison, the EMS market growth is about 5-7%. We are therefore gaining small market shares of the total EMS volume, which is approx. 500 billion USD.
We are aware that the targets are ambitious, but possible with the planned measures. We are convinced that with the growth investments until 2025: additional manpower, new machines, IT infrastructure, harmonization of processes and technology, as well as global and local personnel functions, we will be well positioned.
We know and appreciate that we have a strong VS team that is fully committed to the long-term success of Variosystems and we are proud to have such reliable and motivated employees at all locations.
We thank you for your trust!
The Management Board