on VT5 Acquisition AG (isin : CH1107979838)
R&S Group Outlines Capital Expenditures and Updates FCF Guidance
On October 31, 2024, R&S Group Holding AG shared its new capital expenditures plan and updated guidance for free cash flow (FCF) during its Capital Markets Day in Zurich. The company projects net sales between CHF 280-290 million for FY 2024, equating to over 12% organic growth, with an EBIT margin around 20%. R&S anticipates continuing this growth trend mid-term with similar margins.
The updated FCF guidance expects over 12% for FY 2024, adjusting to 10-12% through FY 2027 due to manufacturing capacity expansions. The Board approved investment plans of CHF 25 million each for 2025 and 2026, mainly in power transformers and Kyte Powertech. Capital expenditures are forecasted at 5-6% of net sales, a rise from the 2-3% typical.
Additionally, 99% of redeemable warrants have converted into RSGN shares, increasing the free float to 76% with 37,226,128 shares in circulation.
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