Ad hoc announcement pursuant to Art. 53 LR
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KOMAX Holding AG / Key word(s): Half Year Results
Dierikon, 12 August 2025
Media release
2025 half-year results of the Komax Group The first half of 2025 was characterized by significant challenges in various regions and high volatility, which intensified further from April onward due to US tariff policy. The markets in the industry and infrastructure sectors continued to develop positively. This resulted in a slightly higher order intake (+2.9%) of CHF 277.4 million compared with the same period last year (H1 2024: CHF 269.5 million). Revenue decreased by 13.3% to CHF 280.3 million (H1 2024: CHF 323.5 million), as the previous year started with a higher order backlog. As a result of consistent cost reduction and a high gross margin of 68.1% (H1 2024: 63.4%), a positive operating result (EBIT) of CHF 6.2 million (H1 2024: 10.4 million) was achieved, which corresponds to an EBIT margin of 2.2% (H1 2024: 3.2%). The Komax Group achieved savings of CHF 6 million in the first half of 2025. Through additional structural adjustments in the second half of the year, it will reduce its cost base by a total of around CHF 25 million. With these measures, the Group is creating the necessary conditions to enable it to aim for a double-digit EBIT margin again from 2027. The Komax Group’s markets remained very challenging in the first half of 2025. Particularly in Europe and North America, but also in China, these markets were exceptionally volatile due to various geopolitical factors. This resulted in a noticeable decline in customers’ willingness to invest. “In the first few months of the year, business was within the range of the second half of 2024. Very positive developments in India and a slight recovery in some European countries contributed to this. However, from April onwards, US tariff policy exacerbated existing uncertainties and caused customers in the European automotive industry, as well as in other regions, to remain cautious,” says Matijas Meyer, CEO Komax Group. “The industrial and infrastructure markets, on the other hand, performed well and recorded slight growth,” Matijas Meyer continues. Under these conditions, the Komax Group achieved a slightly higher order intake (+2.9%) of CHF 277.4 million in the first half of 2025 than in the previous year’s period (H1 2024: CHF 269.5 million). However, this figure was below the CHF 307.7 million obtained in the second half of 2024. The book-to-bill ratio was 0.99.
Significant decline in revenues in North/South America
Regionally, there were significant revenue declines in Europe (–18.9%), North/South America (–25.0%), and Asia/Pacific (–9.8%); however, individual countries saw very different developments within these regions. Africa, on the other hand, showed very strong growth of 44.2%. “The shift in wire harness production from Eastern Europe to North Africa, where labor costs are lower, continued. In addition to the proven production sites in Morocco and Tunisia, investments are increasingly being made in new plants in Egypt and Algeria,” states Matijas Meyer. Consequently, Europe’s share of revenues fell from 38.6% to 36.1%. North/South America also recorded a decline to 28.7% (H1 2024: 33.2%). The share of revenues in Asia rose slightly to 19.7% (H1 2024: 18.9%), while Africa’s share increased to 15.5% with a very good project situation (H1 2024: 9.3%).
Further structural adjustments
Sustainable cost savings of around CHF 25 million
“We had originally expected that the measures initiated in 2024 would reduce the cost base by CHF 3 million starting in 2025 and by CHF 10 million starting in 2026. However, as we had further intensified these cost-cutting measures by additional initiatives, we achieved savings of CHF 6 million by the first half of 2025,” explains Christian Mäder, CFO Komax Group. “As a result, it can be assumed that the optimizations already implemented in the past 18 months, as well as the optimizations to follow in the second half of the year, will reduce the annual cost base by around CHF 25 million in total starting in 2026 compared to the 2024 financial year.”
Positive EBIT despite revenues decline and currency effects
Further progress on the Chinese market
Stable financial foundation
Outlook and mid-term targets
This has laid the foundation for targeting a double-digit EBIT margin starting in 2027. In addition, the Komax Group assumes an average annual market growth of around 6% and plans to grow faster than the market. The Komax Group continues to be convinced of the growth potential in this market and of the company and is even more focused on sustainable high profitability. This target replaces the previous mid-term targets for 2030.
In the 2025 financial year, the Komax Group expects revenues of around CHF 580 million and a slightly positive EBIT (before restructuring expenses of CHF 7.5 million).
1 Total shareholders’ equity.
The 2025 half-year report can be found at www.komaxgroup.com.
Contact
Komax is a globally active technology company that focuses on markets in the automation sector. As a leading manufacturer of innovative and high-quality solutions for the wire processing industry, the Komax Group helps its customers implement economical and safe manufacturing processes, especially in the automotive supply sector. The Komax Group employs around 3400 people worldwide and provides sales and service support via subsidiaries and independent agents in more than 60 countries.
Komax Stories
Komax Holding AG, Industriestrasse 6, 6036 Dierikon, Switzerland
End of Inside Information |
| Language: | English |
| Company: | KOMAX Holding AG |
| Industriestrasse 6 | |
| 6036 Dierikon | |
| Switzerland | |
| ISIN: | CH0010702154 |
| Valor: | 907324 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2182470 |
| End of Announcement | EQS News Service |
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2182470 12-Aug-2025 CET/CEST