Komax (KOMN) H2 2024 TU earnings summary

Executive summary

• Order intake increased 14% in the second half of 2024 compared to the first half, reaching CHF 577.2 million for the year.

• Revenues for 2024 were approximately CHF 630 million, down 16% year-over-year but better than the forecasted 20% decline.

• Market conditions remained challenging, especially in Europe and Asia, due to surplus capacity in the automotive industry and global uncertainties.

Financial highlights

• 2024 order intake: CHF 577.2 million, down 15.9% from CHF 686.5 million in 2023.

• 2024 revenues: approximately CHF 630 million, compared to CHF 752.0 million in 2023.

• Book-to-bill ratio for the second half of 2024 was around 1.0.

• EBIT expected to be modestly positive despite revenue decline and CHF 10 million in restructuring costs.

Outlook and guidance

• Detailed financial statements for 2024 will be published on 11 March 2025.

• Annual General Meeting scheduled for 16 April 2025; half-year results for 2025 to be released on 12 August 2025.