Technology company Edwards saw its net sales rise by 75 per cent to USD257.3m for the three months ended 30 September 2010, up from USD147.3m in quarter three 2009.
Ebitda (IFRS) increased by 552 per cent to USD74.0m from USD11.0m the previous year.
Cash and cash equivalents increased to USD187m at 30 September 2010, an increase in cash in the quarter of USD35m.
Matthew Taylor, chief executive of Edwards, says: “We have successfully gained market share in 2010 driven by a clear customer and applications strategy utilising our new innovative dry pump and abatement products to target identified opportunities such as Amoled devices at Samsung in South Korea, solar laminators and steel degassing in Asia. One recent example is the new GXS pump optimised for solar laminator and crystal pulling applications. Another is the iXL120, designed for semiconductor load locks and other clean room applications providing the fastest pump down in its class, with low energy consumption and lowest cost of ownership. Both new products were introduced in Q3.”
