Komax Group Reports 2024 Half-Year Results Amid Challenging Market Conditions

Komax Holding AG has released its half-year results for 2024, highlighting the impact of excess capacity in the automotive industry and global uncertainties. The company reported a 22.1% decline in order intake to CHF 269.5 million and a 17.9% drop in revenues to CHF 323.5 million. Operating profit (EBIT) fell sharply to CHF 10.4 million, while the EBIT margin decreased to 3.2%. Group earnings after taxes were CHF 2.5 million, down from CHF 40.7 million in H1 2023.

Despite these challenges, Komax implemented cost and structure optimizations, expecting savings of CHF 20 million by year-end. Notably, Komax acquired a majority stake in Hosver to strengthen its market position in China. The company forecasts a slight market improvement in H2 2024 but expects annual revenues to be 20% lower than the previous year. Komax remains committed to increasing automation and is poised for future growth.