R&S Group Delivers Strong Annual Results for 2023 and Confirms Positive Outlook for 2024

R&S Group Holding AG, listed on SIX Swiss Exchange under the ticker RSGN, reported significant growth in its 2023 annual results, emphasizing its successful fiscal year with notable increases in sales and profitability. The company, having gone public in December 2023, showcased a 40% rise in organic sales to CHF 201.6 million and a 312% increase in operating income to CHF 37.5 million.

The report highlighted a remarkable free cash flow of CHF 33.3 million, driven by proficient working capital management and strong operational performance. R&S Group has utilized this financial strength to commence partial amortization of a CHF 2.5 million bank loan acquired during its public listing.

In light of these positive results, the company's Board of Directors proposed a dividend of CHF 0.25 per share at the upcoming Annual General Meeting. Additionally, in a strategic move to foster growth through acquisitions, the Board suggested the creation of a flexible capital framework allowing for a capital increase of up to 20% for acquisitions.

The R&S Group also affirmed its commitment to sustainability, with steady improvements in environmental, social, and governance endeavours. These efforts aim to enhance long-term value creation by adhering to robust ESG targets, reflecting the company’s core values and operational ethos.