Strong UK demand spurs firm to market own-brand products across Europe
Computime Group, an electronic control and automation devices maker that listed in Hong Kong in October last year, is to maintain 15 per cent to 25 per cent annual turnover growth in the next few years on European demand for its Salus products.
The Salus brand of switches and thermostats, which the group began producing in 2004, recorded triple-digit growth in the six months to September last year, accounting for less than 1 per cent of total sales.
'We will boost sales of Salus products to more than 10 per cent of total sales within three years,' said chief executive Bernard Auyang.
The Salus range has a gross margin of 40 per cent to 45 per cent and net margin of 12 per cent to 13 per cent, or five percentage points more than the company's other goods.
Shenzhen-based Computime, which competes with London-listed Invensys and New York-listed Honeywell, said Salus products, now being sold only in Britain, would soon become available in Germany and France and later throughout Europe.
