Photonics Systems Group cautiously optimistic about remainder of 2020

The company is looking toward the second half of 2020 with a sense of caution, given how unpredictable the current state of affairs is in terms of COVID-19.

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(Credit: Gerd Altmann/Pixabay)

Assessing the first half of the 2020 financial year for Photonics Systems Group (Krailling, Germany) and remarking on actions taken, CEO Markus Nicht says, “The company has a positive outlook on operating results and a financial statement for 2020 provides a positive outlook for the second half of the year, as it is clear that customers will be willing to invest as soon as the overall economic situation becomes more stable.”Markus Nicht, CEO, Photonic Systems GroupMarkus Nicht, CEO, Photonic Systems Group

Nicht states, “Following the 2019 acquisition of Electronic Production Partners in November 2019now the third company of Photonics Systems Groupwe continued building the Group in the first half of 2020 and utilized the synergies between the individual group members. By acquiring the patents for the circuit trim product portfolio of Electro Scientific Industries (ESI; Portland, OR), we not only strengthened our position as a manufacturer of laser trim systems, but also expanded our expertise by further developing and protecting our market presence. We were also able to successfully complete numerous innovative, large-scale projects in Germany, Austria, and Poland in various key areas of laser micromachining, ranging from depaneling to the processing of large technical glass sheets, and to consolidate our international standing as a group.”

The company is feeling the effects of COVID-19 with drastic restrictions on travel, which mainly affects sales and services. However, Nicht comments, “We are optimistic, as our financial figures have remained stable despite the current situation. This is mainly due to the fact that we can install current plant projects with the help of our international network of on-site employees.”

Nicht says the company has maintainedand in some cases even expandedinnovative strength as a particularly positive aspect. A large number of new products are currently in development and their market launch is planned for the second half of 2020. They are looking toward the second half of 2020 with a sense of caution, given how unpredictable the current state of affairs is in terms of COVID-19. Despite this, it is clear that customers will be willing to invest as soon as the overall economic situation stabilizes.

For more information, please visit photonics-systems-group.com.

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