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Press release LEM announces results for Q1 2021/22 : performance driven by continued rebound in global economy Geneva , Switzerland , 28 July 2021 LEM ( SIX : LEHN ) , a leading global company in electrical measurement for industry and automotive applications , announces first quarter results for 2021/22 ( April - June ) compared to 2020/21 : ● LEM Life Energy Motion ● Sales increased by 25.5 % to CHF 93.3 million ( CHF 74.3 million ) ; at constant exchange rates , sales improved by 24.2 % The company benefits from a diverse global distribution of sales , with China and Europe further increasing their share : China CHF 36.2m ( 38.8 % of total ) Europe CHF 29.5m ( 31.6 % of total ) North America CHF 7.8m ( 8.3 % of total ) Rest of World CHF 19.9m ( 21.3 % of total ) R & D up by 13.9 % to CHF 7.6 million ( CHF 6.7 million ) , but declined to 8.1 % of sales EBIT improved by 59.6 % to CHF 21.2 million ( CHF 13.3 million ) ; the EBIT margin increased to 22.7 % ( 17.9 % ) Net profit for the period rose by 55.4 % to CHF 17.3 million ( CHF 11.1 million ) Frank Rehfeld , Chief Executive Officer , said : " We are very happy about the strong global rebound in our performance . This quarter's growth in sales and orders compared with Q1 last year should , however , be taken in the context of the severe impacts of the pandemic in 2020. If we compare Q1 with Q4 , it is still encouraging to see sales growth of 12.7 % as all geographic regions benefited from a rebound in economic activity and a return of confidence . It is particularly pleasing to see the Industry segment boosted by our Drives business , which is a strong indicator of demand and investment in manufacturing capacity across multiple industrial and consumer sectors . Our Automotive segment performance reflects the pace of electrification , particularly in Europe , as manufacturers produced more electric vehicles to achieve their CO2 emissions targets . Our global order book improved for the 4th consecutive quarter , reflecting fundamental demand , lengthened lead times due to supply chain bottlenecks , and requests to customers to firmly commit to orders over longer time horizons . We continue to benefit from the diversity of our business across sectors and regions , with balancing investment cycles and customer demand , and exposure to both mature industries and novel technologies . " Andrea Borla , Chief Financial Officer , remarked : " The top - line sales performance this quarter fed through to substantial gains in profitability across all metrics . We maintained good control over costs , while continuing to increase R & D investments . However , caution must be exercised in extrapolating this exceptional growth to future quarters . Many uncertainties remain about how new variants of Covid 19 will impact society , and there are also strong headwinds caused by supply chain shortages and ongoing trade disputes . " LEM Holding SA Page 1/6