Schlatter Industries AG Reports Growth in Net Sales and Earnings for FY 2023

Schlatter Industries AG announced a positive financial performance for the fiscal year 2023 on March 28, 2024. The company witnessed an increase in net sales to CHF 128.6 million from CHF 110.5 million the previous year. The order intake, however, saw a dip to CHF 113.1 million from CHF 128.1 million in 2022. Despite this decline, the operating result (EBIT) improved to CHF 7.1 million, up from CHF 5.5 million, and consolidated net profit rose to CHF 5.1 million from CHF 3.5 million.

The demand for Schlatter’s products normalized over the year. While demand for reinforcing mesh production systems and weaving machinery for the paper industry decreased, after-sales volumes grew. The company also saw a significant increase in sales for industrial mesh production systems and rail welding systems. Material prices stabilized but remained high, and the appreciation of the Swiss franc continued to pressure earnings.

The welding segment of the business reported CHF 100.8 million in net sales, slightly down from 2022’s figure of CHF 96.0 million, despite a small drop in order intake. Meanwhile, the weaving segment experienced a boost in sales to CHF 27.8 million from CHF 14.5 million, thanks to a spike in demand from China in previous periods.

Looking forward, Schlatter anticipates a slight decrease in net sales for 2024 but aims for an increased operating result. The company plans to propose a capital reserves payment of CHF 1.00 per share at the annual general meeting on May 7, 2024, moving away from dividend payments.