Celestica’s Q3 Better Than Expected

Canadian EMS provider Celestica recorded better than expected Q3 turnover of $1.55 billion, up 10% YoY, giving profits of $62 million, an increase from $31.4 million. The company gave the results in US dollars. It also announced that it has agreed to buy the assets of Mexico-based Karel Manufacturing, which specialises in making aerospace products. Celestica hopes that this transaction will close in Q4 and that it will speed up its growth in the aerospace and defence markets.