Switzerland · Delayed Price · Currency is CHF Comet Holding AG Earnings Call Transcripts
Fiscal Year 2025
-
Sales grew 2.6% year-over-year (7.3% in constant currency), with profitability pressured by FX and mix effects. Strategic investments and a shift to an all-in semiconductor focus position the company for accelerated growth in 2026, supported by a robust order pipeline and operational progress.
-
The company is accelerating its transformation with a sharpened focus on semiconductors, expanding its product portfolio and global footprint, particularly in Asia, and integrating advanced AI-driven solutions. Updated midterm guidance targets CHF 670M–770M in sales by 2028, with growth fueled by new products, operational efficiency, and strategic investments in capacity and sustainability.
-
Net sales rose 20% year-over-year, led by strong AI-driven growth in PCT, while IXM saw gains and IXS faced headwinds. Margins declined due to mix and FX, prompting cost efficiency and restructuring. Guidance for 2025 was lowered amid market caution and order delays.
Fiscal Year 2024
-
Revenue rose 12.1% year-over-year, led by semiconductor market recovery and strong PCT division growth. EBITDA margin improved to 13.6%, with robust free cash flow and a 50% dividend increase. 2025 outlook is cautiously optimistic, with all divisions expected to contribute to growth.
-
Semiconductor market recovery drove strong Q2 sales and order growth, with all divisions expected to grow in H2. Guidance for 2024 is confirmed, with sales of CHF 440–480 million and EBITDA margin of 15–17%, supported by a healthy backlog and operational leverage.