R&S Group Reports Strong H1 Operational Performance with an Adjusted EBIT Margin of 23.2%

R&S Group Holding AG (SIX: RSGN) announced unaudited key figures for the first half of 2024. The group reported an EBIT of CHF 24.0 million, reflecting a margin of 21.8%, and an adjusted EBIT of CHF 25.5 million, up 41% compared to H1 2023, corresponding to an adjusted EBIT margin of 23.2%.

Net profit stood at CHF 12.1 million, impacted by a non-recurring tax payment of CHF 3.7 million. The company achieved record order backlog of CHF 218.2 million, indicating positive market momentum.

Net sales amounted to CHF 109.9 million, representing an organic growth of 15% when adjusted for the divestiture of the high-voltage switches business in the Czech Republic. Order intake increased 18% to CHF 141.0 million.

Adjusted free cash flow was CHF 7.5 million compared to CHF -1.9 million in the prior period. The balance sheet reflects a strong liquidity position with CHF 44 million and 1 million treasury shares valued at approximately CHF 14 million as of 30 June 2024.

The company will host a conference in Zurich on 20 August 2024. The full financial report will be published on 11 September 2024.