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Tronics generated a 50% growth of revenues in the fiscal year 2022

Tronics generated a 50% growth of revenues in the fiscal year 2022

Grenoble, France and Dallas TX, USA – July 5th, 2022

Tronics, a TDK Group Company that manufactures custom MEMS products and standard inertial sensors for industrial applications, has announced its results for the fiscal year 2022 (from April 1, 2021 to March 31, 2022). Consolidated revenue for the fiscal year 2022, ending on March 31, 2022, totaled €13M, an increase of 50% compared to the previous fiscal year.

This increase resulted mainly from the increase of 48% in revenue from manufacturing activities which amounted €10.3M in fiscal year 2022 (versus €7M in the previous fiscal year). This growth was in particular sustained by the increasing demand for Tronics’ high-performance MEMS inertial sensors, combined with a 57% growth of engineering revenues to €2.7M (versus €1.7M for the previous fiscal year).

Over the 2022 fiscal year, operating costs increased by 18% compared to the previous fiscal year, reflecting the efforts on both production sites to increase volumes with a controlled cost structure.

For the current fiscal year, Tronics is aiming to continue its momentum in the growth of inertial sensors manufacturing revenues initiated in Crolles. To do so, the Group will rely on the ramp-up of the existing product portfolio and new products expected to launch within this fiscal term, which will enable the company to increase the sales of innovative MEMS products for inertial and industrial applications with high added value.