Annual Report 2023

Elma continuing on growth path

The Elma Group continued its transformation process in 2023 and increased both order income by 5.5% and net sales by 8.1% compared with the previous year. The company’s profit improved from CHF 4.2 million in the previous year to CHF 5.0 million in 2023. The Board of Directors will propose to the 2024 Annual General Meeting an unchanged dividend payment of CHF 2.00 per share.

  • Order income increased by 5.5% to CHF 177.0 million (previous year: CHF 167.8 million), adjusted for currency effects +10.8%
  • Net sales improved by 8.1% to CHF 167.1 million (previous year: CHF 154.7 million), adjusted for currency effects: +13.3% 
  • All regions contributed to the sales growth
  • EBIT increased to CHF 6.7 million (previous year: 4.6 million) due to higher output in Europe in the systems business and a significantly improved second half of the year in the USA
  • Profit improved to CHF 5.0 million (previous year: CHF 4.2 million) despite substantially higher tax charges
  • Net debts increased by CHF 3.4 million to CHF 14.0 million due to higher inventories to ensure delivery capability (previous year: CHF 10.6 million)
  • Lower equity ratio of 48.6% (December 31, 2022: 51.7%) driven by high currency translation adjustments
  • Board of Directors proposes the Annual General Meeting a dividend payment of CHF 2.00 per share (previous year: CHF 2.00 per share)
Download Annual Report and Sustainability Report 2023
Online Annual Report 2023 (German only)Sustainability Report 2023 (German only)

Video Interview with CEO Thomas Herrmann on Annual Results 2023

Thomas Herrmann answers questions about Elma’s business performance, challenges, sustainability and innovations in the Embedded System market. 

Elma Video Interview CEO 2024 Thomas Herrmann

Company Profile

Find out more about Elma and its history.

Company profile


Annual Reports and Interim Reports from previous years for download

Annual Reports and Interim Reports

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