Interroll Reports Resilient Financial Performance Amid Market Challenges

Interroll Holding AG announced its annual financial results for the year 2023, highlighting solid financial performance despite facing numerous market challenges. The company navigated through a declining order intake and sales figures, alongside currency fluctuations impacting its overall financial outcomes. Interroll disclosed an EBIT margin of 15.1%, a slight decrease from the previous year, and a record high free cash flow amounting to CHF 91.1 million.

Within a tough market environment, the company's total sales fell to CHF 556.3 million, marking an 11.7% decrease in local currencies compared to the previous year. Similarly, the order intake experienced a downturn, settling at CHF 519.7 million. Despite these challenges, Interroll proposed a stable dividend of CHF 32.00 per share, maintaining shareholder returns amidst economic pressures.

Interroll's segment-wise performance varied across its product groups and geographical regions. Notably, the Drives and Conveyors & Sorters segments witnessed reduced sales and order intake, while the Pallet Handling sector saw an increase in order intake. Regionally, the EMEA market faced significant demand drops, while the Asia-Pacific region showed growth, led by a substantial project in South Korea aiding the overall sales increase.

The company's strategic investments in innovation, including the launch of the new High Performance Conveyor Platform (HPP) and partnerships in Autonomous Mobile Robotics (AMR), were emphasized as steps toward addressing the evolving market needs. With a robust balance sheet and an optimistic outlook for market recovery in 2024, Interroll is positioning itself for future growth amid easing inflationary pressures and anticipated demand for automation solutions.