Interim Report 2024
Elma starts successfully into 2024 and increases net sales and profitability considerably
The Elma Group had a successful start into 2024. In the first half of 2024, Elma recorded net sales on record level and also significantly increased profitability. Thanks to a further easing in the supply chain situation and the optimization of production processes, Elma was able to significantly improve their delivery performance to customers. Order income decreased slightly in all regions but was still at a solid level. Inventories were reduced in the first half of 2024 year on year. The number of employees remained unchanged compared to the end of 2023.
One of Elma Group’s mid-term goals is to build a new headquarters at the Wetzikon site in Switzerland. This will further expand system integration and electronic design in Switzerland. The construction planning has progressed as planned and the project is now taking concrete shape. In order to position the Elma Group for the future, sustainability is one of the strategic pillars and is anchored in the organization. In the annual sustainability report, Elma will provide information about their sustainability performance in the areas of Environment, Social and Governance (ESG).
- Elma continues to grow
- Net sales increased by 15.5% to CHF 91.8 mn (previous year: CHF 79.5 mn); adjusted for currency effects +17.6%
- Order income in the first half of the year down 6.0% at CHF 91.6 mn (previous year: CHF 97.4 mn); adjusted for currency effects -4.3%
- EBIT improved to CHF 6.0 mn (previous year: CHF 0.7 mn) thanks to higher deliveries in the systems business in all three regions
- Profit increased to CHF 4.5 mn (previous year: CHF 0.6 mn)
- Net debts reduced to CHF 11.0 mn (previous year: CHF 14.0 mn) thanks to higher cash and repayment of short-term bank liabilities
- Equity ratio improved to 51.0% (December 31, 2023: 48.6%)