Komax Group records higher order intake in second half of 2024
Published on 01/21/2025 at 01:00,
updated on 01/21/2025 at 01:02
Share
KOMAX Holding AG / Key word(s): Preliminary Results
Komax Group records higher order intake in second half of 2024
21-Jan-2025 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Dierikon, 21 January 2025
Media release
Ad hoc announcement pursuant to Art. 53 LR
Preliminary information on 2024 financial year
2024 brought extremely challenging market conditions for the Komax Group. Demand for its products increased slightly in the second half of the year, leading to an order intake that was 14% higher than in the first six months. The overall order intake for 2024 amounted to CHF 577.2 million, with revenues of approximately CHF 630 million.
In Europe and Asia in particular, the Komax Group’s customer base showed considerable reluctance to invest in 2024 in light of surplus capacity in the automotive industry and global uncertainties. A slight improvement made itself felt in the second half of the year, with more orders recorded in each of the last six months than in the best month of the first half. This resulted in an order intake of CHF 577.2 million (first half: CHF 269.5 million, second half: CHF 307.7 million). Compared with 2023 (CHF 686.5 million), the order intake was down by 15.9%.
At approximately CHF 630 million (first half: CHF 323.5 million, second half: around CHF 307 million), revenues were higher than the order intake, as the Komax Group started 2024 with solid order books. The book-to-bill ratio for the second half of the year amounted to around 1.0. Revenues were 16% lower than in the prior year (CHF 752.0 million) and thus better than the forecast decline of 20%.
Despite the major slump in revenues and restructuring costs of around CHF 10 million, the Komax Group continues to expect EBIT to be modestly positive. Numerous measures aimed at rigorous cost reduction were implemented to this end. The Komax Group will publish its detailed financial statements for 2024 on 11 March 2025.
Contact
Roger Müller
Vice President Group Communications / Investor Relations / ESG
Phone +41 41 455 06 16 roger.mueller@komaxgroup.com
Komax is a globally active technology company that focuses on markets in the automation sector. As a leading manufacturer of innovative and high-quality solutions for the wire processing industry, the Komax Group helps its customers implement economical and safe manufacturing processes, especially in the automotive supply sector. The Komax Group employs more than 3400 employees worldwide and provides sales and service support via subsidiaries and independent agents in more than 60 countries.
Komax Stories
Topics and insights from the world of automated wire processing: https://www.komaxgroup.com/en/stories
Komax Holding AG is a Switzerland-based holding company engaged in the machinery sector. The Company specializes in mechatronics, electronics and software technology, and concentrates on developing, producing and marketing capital goods and services for wire-processing, photovoltaics and medical technology applications. The Company divides its activities into three main business units: Wire, Solar and Medtech. The Wire business unit operates in the sector of wire-processing. The Solar business unit develops, produces and sells machines for the production of crystalline and thin-film modules. The Medtech business unit manufactures and markets machines and systems for the assembly of medtech products, such as inhalers and insulin delivery or injection systems. The Company also provides sales and service support functions through its subsidiaries and independent agents in over 60 countries. The Company operates production facilities in Europe, North and South America, Asia and Africa.
