R&S Group Unveils Impressive 2023 Key Figures and Optimistic Outlook for 2024

R&S Group Holding AG reported its financial results for the full year (FY) 2023, showcasing significant growth and a positive financial outlook for 2024. The Swiss-based company recorded net sales of CHF 216.9 million, representing an organic growth of 40% when excluding the divested business. Furthermore, the adjusted earnings before interest and taxes (EBIT) stood at CHF 37.5 million, translating to an EBIT margin of 18.6%. The group also reported an adjusted net profit of CHF 28.9 million, marking a substantial increase from the previous year.

The company enjoyed a strong order intake of CHF 245.0 million in 2023, which, after adjustments, represents a 6% growth compared to the divested portions of the business. This led to an end-of-year order backlog of CHF 185.7 million, a 22% increase from the previous year, signaling robust business health and momentum into 2024. R&S Group’s solid financial position, highlighted by a net financial standing of CHF 6.7 million, supports its proposal for a dividend payment of CHF 0.25 per share.

Driven by the ongoing transition to renewable energy and grid modernization efforts in Europe, R&S Group is optimistic about its 2024 projections, expecting net sales growth between 9% and 12% and an EBIT margin ranging from 16% to 18%. CEO Markus Laesser emphasized the significant market opportunities in Europe for renewables and wind farms, underpinning the positive outlook. The company plans to further engage with investors and stakeholders during its inaugural Capital Markets Day on October 31, 2024.