2024 FINANCIAL YEAR
11 March 2025
AGENDA
- 2024 at a glance
- Financial reporting
- Priority areas, strategy, and outlook for 2025
- Questions and answers
2024 at a glance
Challenging market situation with slight improvement in the second half of the year
- Low willingness to invest among customers due to overcapacity and geopolitical uncertainties
- Positive EBIT despite slump in sales (-16.2%) and one-off expenses (CHF 11.5 million)
- Significant progress in implementing the strategy: product portfolio, sales network, and location structure optimized
- Lower cost base due to consistent cost reductions and structural optimizations
- Strengthened market position in China
- Acquisition of majority stake in Hosver (56%): leading manufacturer of machinery for the processing of high-voltage cables in China
- Minority stake in E-Plus (5%): biggest provider of digital smart factory solutions for the wire processing industry in China
- Localization of products
- Continued strong focus on innovation activities (R&D: 11.8% of revenues)
Komax Group / 11 March 2025 / 2024 financial year / 3
More orders in the second half of the year
Book-to-bill ratio of 1.0 in the second half of the year
- Order intake decreased by 15.9%
- H1 2024: CHF 269.5 million
- H2 2024: CHF 307.7 million
- Every month in the second half of the year recorded more orders than the best month in the first half of the year
- Solid business activities in North and South America, particularly outside the automotive industry
- High order intake in India
Order intake in CHF million | |||||
800 | |||||
678.1 | 686.5 | ||||
700 | |||||
600 | 577.2 | ||||
500
400
300
200
100
0
2022 | 2023 | 2024 |
Komax Group / 11 March 2025 / 2024 financial year / 4
Decline in revenues due to lack of volume business
Non-automotive market segments with revenue growth of over 7%
- Revenues down by 16.2%
- H1 2024: CHF 323.5 million
- H2 2024: CHF 307.0 million
-
Order backlog at the end of 2024:
CHF 177.1 million (2023: CHF 208.0 million) - Factors behind development of revenues
- Acquisition-relatedgrowth: 2.3%
- Organic development: -16.6%
- Foreign currency impact: -1.8%
- Non-automotivemarket segments' share of revenues increased from 25% to 35%
Komax Group / 11 March 2025 / 2024 financial year / 5
Revenues in CHF million
800 | 752.0 | 1 | ||||||
606.3 | 630.5 | |||||||
700 | ||||||||
600 | ||||||||
500 | ||||||||
400
300
200
100
0
2022 | 2023 | 2024 |
1 Excluding one-time effect (CHF +10.9 million).
Unique innovative strength
Over 700 employees worldwide in R&D and engineering
− Low revenue level led to high R&D ratio | R&D in CHF million | R&D in % of revenues | |||
of 11.8% | 100 | 20% | |||
− Planned annual R&D expenditure | |||||
80 | 74.3 | 16% | |||
remains at 8-9% | 78.6 | ||||
− R&D expenditure consist of: | |||||
11.8% | |||||
− internal development services of | 59.0 | ||||
CHF 65.2 million (2023: CHF 67.4 million) | 60 | 10.5% | 12% | ||
9.7% | |||||
− third-party services of CHF 9.1 million | |||||
(2023: CHF 11.2 million) | 40 | 8% | |||
− Streamlining of the product portfolio and | |||||
bundling of expertise is progressing | 20 | 4% | |||
0 | 2022 | 20231 | 2024 | 0% | |
1 Excluding one-time effect on revenues.
Komax Group / 11 March 2025 / 2024 financial year / 6
Various products launched in 2024
Unbroken innovative strength despite challenging market environment
Alpha 550 G2 | Sigma 438 |
Crimp to Crimp | UTP Wires (sequence production) |
Lambda 5
Data Wires
Cirris 5150 | Rotar 300 |
Taping | |
Tester |
Komax Group / 11 March 2025 / 2024 financial year / 7
Innovative strength is the key to success
Komax Group's innovation pipeline is well filled. Therefore, customers will continue to be delighted with various surprising new products in the coming years.
AGENDA
- 2024 at a glance
- Financial reporting
- Priority areas, strategy, and outlook for 2025
- Questions and answers
Foreign currency impact
Slightly negative in terms of revenues, neutral in terms of EBIT
Foreign exchange rates
Rate as at | Average rate | Rate as at | Average rate | |
Currency | 31.12.2024 | 2024 | 31.12.2023 | 2023 |
EUR | 0.950 | 0.960 | 0.940 | 0.990 |
USD | 0.910 | 0.890 | 0.850 | 0.910 |
CNY | 0.125 | 0.124 | 0.120 | 0.130 |
Foreign currency impact
Year | Revenues | Gross profit margin | EBIT margin |
2024 | -1.8% | -0.8%pts | -0.0%pts |
2023 | -3.1% | -2.3%pts | -0.4%pts |
Komax Group / 11 March 2025 / 2024 financial year / 9
Development of revenues
Decline in Europe and Africa, slight growth in North and South America
Revenues by region 2024 and 20231
10%
12%
37%
44%
33% 27%
17% | ||
20% | ||
Europe | Asia/Pacific | |
North/South America | Africa |
2024
Revenues by currency 2024 and 20231
9% | ||
10% | 8% | |
12% | 40% | |
11% | 10% | 45% |
25% | |||||||||
30% | |||||||||
EUR | USD | CNY | |||||||
CHF | Others | ||||||||
2023 | 1 Excluding one-time effects (CHF +10.9 million) in prior year. |
Revenues by region Change from previous year1
5% | |||
0.7% | 1.7% | ||
0% | |||
-5% | |||
-10% | |||
-15% | |||
-16.2% | |||
-20% | |||
-25% | |||
-30% | |||
-30.0% | -29.4% | ||
-35% | |||
Komax Group / 11 March 2025 / 2024 financial year / 10
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Disclaimer
Komax Holding AG published this content on March 10, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 11, 2025 at 08:33:07.798.
