Schlatter Industries AG Reports Mixed Results for H1 2024

Schlieren, 15 August 2024 - Schlatter Industries AG has released its half-year results for 2024, showing mixed performance metrics. The company recorded a slightly lower order intake of CHF 57.4 million compared to CHF 62.4 million in H1 2023. Net sales declined to CHF 61.8 million from CHF 67.4 million in the same period last year. The order backlog as of 30 June 2024 was CHF 69.4 million, down from CHF 73.9 million at the end of 2023.

The delayed commissioning of customer projects in the Welding segment led to additional costs and provisions for impending contractual penalties, resulting in a reduced EBIT of CHF 1.3 million compared to CHF 3.7 million in H1 2023. Despite these challenges, the company posted a positive consolidated result of CHF 1.6 million, down from CHF 3.3 million in the previous year.

After the balance sheet date, Schlatter's IT network suffered a malware attack. The financial damage and impact on the annual result remain unquantified.