Komax Group Demonstrates Resilience and Revenue Growth Amid Challenging Market Conditions

In 2023, the Komax Group faced a stiff market environment yet managed to significantly boost its revenues by 24.0% to CHF 752.0 million, mainly due to its strategic merger with Schleuniger. This increase comes despite a slight rise in order intake (+1.3%) and a decrease in operating profit (EBIT) by 5.5%, primarily due to a decrease in volume business in the latter half of the year. Adjustments for one-time effects, however, paint a slightly improved EBIT picture (+1.5%).

The notable revenue rise was significantly influenced by Schleuniger's full-year contribution post their merger in late August 2022, alongside a challenging backdrop marked by economic and geopolitical uncertainties. This scenario affected customer investment willingness, especially in key markets like China, impacting overall business development. Despite a downturn in Asia/Pacific region revenues, substantial growth was recorded in other regions like North/South America and Europe, largely attributed to the Schleuniger collaboration.

Profitability faced obstacles mainly from deferred customer investment decisions impacting high-margin businesses. However, the Komax Group's strategic maneuvers including structural optimisations and the integration of Schleuniger, alongside the acquisition of German company WUSTEC, signaled a proactive stance towards expansion and market consolidation. The group also reported a significant increase in free cash flow and maintains a robust financial foundation.

Looking ahead, the Komax Group remains optimistic about the continuing trend towards automation and its growth strategy towards 2028, despite current market volatility and uncertainties.