Komax Group Navigates a Challenging Year with Strategic Optimizations

Komax Group reported a positive operating profit for 2024, despite facing a substantial decline in order intake and revenues. The company responded to reduced customer investments, triggered by geopolitical uncertainties and excess capacities, with early cost reductions and structural optimizations. These measures allowed for a slight recovery in the latter half of the year, with a 14.2% increase in order intake compared to the first six months.

The non-automotive segments, specifically Industrial & Infrastructure and Aerospace & Railway, experienced growth, raising their revenue share from 25% to 35%. Meanwhile, the European automotive sector revenues fell by 30%. Komax strengthened its position in China by acquiring stakes in companies like Hosver and E-Plus.

Despite economic challenges, the company's gross profit margin was maintained at 63.1%, and it ended the year with CHF 16.0 million in operating profit. Komax foresees ongoing automation trends offering future growth, though immediate economic uncertainties temper investment behaviors.