Komax Group's Strategic Progress Amidst Market Challenges

Komax Holding AG has made notable strides in implementing its strategy announced in September 2023. The company has strengthened its market position in China, expanded its service offerings, and optimized its distribution network. Despite challenging market conditions, especially in Europe, and missed growth targets, Komax remains optimistic about its future. The group has adjusted its targets, aiming for revenues of CHF 1.0 to 1.2 billion and an EBIT of CHF 120 to 160 million by 2030, two years later than initially planned.

Key efforts include reinforcing its hold in China by acquiring a majority stake in Hosver, a leading Chinese machinery manufacturer, and localizing products. Komax has also streamlined operations by closing several sites, including in Germany and Japan, to reduce costs. These efforts have improved its position and cost efficiency. Despite a 20% revenue drop forecasted for 2024, Komax anticipates a positive EBIT due to cost reduction strategies. The company acknowledges the ongoing challenging market environment and defers its targets to 2030.