Schlatter Industries AG / Key word(s): Annual Results
Ad hoc announcement pursuant to article 53 LR
25-Jan-2024 / 06:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
SCHLATTER INDUSTRIES AG - SIX SWISS EXCHANGE: STRN - ISIN: CH0002277314
Ad hoc announcement pursuant to article 53 LR
S c h l i e r e n, 25 January 2024. In the 2023 financial year, the Schlatter Group achieved an order intake of CHF 113.1 million (2022: CHF 128.1 million). Net sales rose again to CHF 128.6 million (2022: CHF 110.5 million), an increase of 16.4%. The order backlog as at 31.12.2023 was CHF 73.9 million (31.12.2022: CHF 89.4 million) - lower than in the previous year. The operating result (EBIT) for the financial year is expected to be higher than in the previous year, in the mid-high single-digit million range. Capacity utilisation at all plants is already largely secured in 2024.
The detailed annual results for 2023 will not be published on Friday, March 29, 2024 (Good Friday) as previously communicated, but already on Thursday, March 28, 2024, by an ad hoc announcement as well as with the annual report being made public on the company's website (www.schlattergroup.com).
Paul Zumbühl will step down as Chairman of the Board of Directors at the 2025 Annual General Meeting (at the beginning of May 2025) after 12 years but will remain available to the Schlatter Group as a member of the Board of Directors.
Preliminary financial figures 2023 (unaudited)
Schlatter Group
CHF million
1st half of 2023
2nd half of 2023
Total
2023
Total
2022
in %
to py
Order intake
62.4
50.7
113.1
128.1
-11.7%
Net sales
67.4
61.2
128.6
110.5
16.4%
Order backlog as at 30.6. / 31.12.
84.4
73.9
89.4
-17.3%
Segments
Welding
Weaving
CHF million.
2023
2022
in %
to py
2023
2022
in %
to py
Order intake
95.0
99.9
-4.9%
18.1
28.2
-35.8%
Net sales
100.8
96.0
5.0%
27.8
14.5
91.7%
Order backlog as at 31.12.
56.7
62.5
-9.3%
17.2
26.9
-36.1%
Further information
Schlatter Industries AG
Werner Schmidli
Chief Executive Officer
Mobile +41 79 343 62 62
werner.schmidli@schlattergroup.com
Agenda
28.03.2024
Publication of the detailed annual result for 2023 by an ad hoc announcement and publication of the annual report on the company’s website
07.05.2024
Annual General Meeting
16.08.2024
Publication of half-year report 2024
Schlatter Group (www.schlattergroup.com)
The Schlatter Group is one of the leading specialists in plant engineering for resistance welding systems as well as weaving and finishing equipment for the production of paper machine clothing, wire fabrics and wire mesh. Thanks to its many years of experience in the field of plant technology, its innovative strength and its reliable service, the Schlatter Group – which is listed on the Swiss Reporting Standard of SIX Swiss Exchange – guarantees its customers a range of powerful and high-quality production equipment.
This media information contains certain forward-looking statements, e.g. statements using the words "believes," "assumes," "anticipates," or formulations of a similar nature. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the Company and those either expressed or implied by such statements. Such factors include, among other things: competition from other companies, the effects and risks of new technologies, the Company's continuing capital requirements, financing costs, delays in the integration of acquisitions, changes in the operating expenses, the Company's ability to recruit and retain qualified employees, unfavorable changes in the applicable tax laws, and other factors identified in this communication. In view of these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments.
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Schlatter Industries AG, previously known as Schlatter Holding AG is a Switzerland-based manufacturer and supplier of welding technology, mechatronics and systems engineering. The Company is operational in two segments: welding and weaving. The welding segment, which is the Company's core segment, provides reinforcing and industrial mesh welding systems, mobile and stationary rail welding machines, as well as systems for manufacturing radiators. The weaving segment encompasses weaving and finishing machines for paper machine clothing under the brand name Jaeger, as well as machines for the production of wire fabrics, wire screens and sieves, as well as wire crimping. The Company operates through subsidiaries in various countries around the world, such as Switzerland, Germany, France, the United Kingdom, the United States, Brazil, China, as well as in Malaysia, among others.