INFICON Reports Record Performance in Q4 and Fiscal Year 2023

INFICON Holding AG announced exceptional financial results for both the fourth quarter and the full fiscal year of 2023. The Switzerland-based vacuum technology and Smart Manufacturing solutions provider highlighted its continued growth and strong performance amidst a competitive market landscape.

In the fourth quarter of 2023, INFICON's sales surged to USD 174.5 million, marking a 9.5% increase over the prior year and a 2.6% rise from the third quarter of 2023. The company's operating profit for the same period reached USD 38.2 million, or 21.9% of sales, showing an increase of 12.7% from the fourth quarter of 2022.

For the entire fiscal year 2023, INFICON reported sales of USD 673.7 million, up by 15.9%. The operating profit for the year was USD 135.2 million, or 20.1% of sales, demonstrating a 21.1% increase from 2022. The net profit stood at USD 106.0 million, or 15.7% of sales, compared to USD 88.5 million in the previous year.

Looking forward to 2024, INFICON anticipates sales in the range of USD 650-700 million with an operating profit margin around 20%. The company credits its success to its market-leading products, proximity to customers, and its expansion projects which tap into growing industry areas.

INFICON also concluded a significant expansion program in 2023 aimed at doubling its global production capacity. Additionally, the Board of Directors proposes a distribution of an ordinary dividend of CHF 20.00 per share at the upcoming Annual General Meeting on April 4, 2024.