on Viscom AG (isin : DE0007846867)
Viscom SE Faces Persisting Market Challenges in 2024
Viscom SE reported significant declines in its financial performance for the first nine months of 2024. Incoming orders decreased by 35.6% to €58,076 thousand compared to the previous year. Revenue also dropped by 21.2%, amounting to €63,185 thousand.
The company's EBIT plunged to €-5,911 thousand from €2,612 thousand last year. Viscom attributed these declines to weak demand in the automotive and industrial electronics sectors, along with inventory value adjustments and staff reductions.
Despite ongoing efforts to improve efficiency and cut costs, the company anticipates subdued performance for the remainder of the year. However, Viscom remains optimistic about future growth opportunities, driven by developments in battery cell inspection and other emerging markets.
R. E.
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