Komax Group records higher order intake in second half of 2024

In Europe and Asia in particular, the Komax Group’s customer base showed considerable reluctance to invest in 2024 in light of surplus capacity in the automotive industry and global uncertainties. A slight improvement made itself felt in the second half of the year, with more orders recorded in each of the last six months than in the best month of the first half. This resulted in an order intake of CHF 577.2 million (first half: CHF 269.5 million, second half: CHF 307.7 million). Compared with 2023 (CHF 686.5 million), the order intake was down by 15.9%.

At approximately CHF 630 million (first half: CHF 323.5 million, second half: around CHF 307 million), revenues were higher than the order intake, as the Komax Group started 2024 with solid order books. The book-to-bill ratio for the second half of the year amounted to around 1.0. Revenues were 16% lower than in the prior year (CHF 752.0 million) and thus better than the forecast decline of 20%.

Despite the major slump in revenues and restructuring costs of around CHF 10 million, the Komax Group continues to expect EBIT to be modestly positive. Numerous measures aimed at rigorous cost reduction were implemented to this end. The Komax Group will publish its detailed financial statements for 2024 on 11 March 2025.