Switzerland's Komax H1 revenue falls 2.8% on currency effects
Switzerland's Komax H1 revenue falls 2.8% on currency effects
Overview
Swiss wire processing tech firm's H1 2026 revenue declined 2.8% due to currency effects
Adjusted EBIT more than doubled, driven by cost base reduction and restructuring measures
Company acquired 40% stake in crimp applicator maker KTK GmbH, expanding value chain
Outlook
Komax expects 2026 revenues between CHF 580 mln and CHF 600 mln
Company forecasts 2026 EBIT (including one-time effects) between CHF 16 mln and CHF 20 mln
Komax says market environment remains challenging due to weak vehicle production and geopolitical uncertainties
Result Drivers
DATA CENTER DEMAND - Strong order intake in North America driven by ongoing data center expansion in industrial and infrastructure segments
ORDER TIMING - Many orders received late in the period were not yet reflected in revenue, contributing to a lag between order intake and reported sales
AUTOMOTIVE WEAKNESS - Cautious investment from automotive customers, especially in Europe and China, weighed on segment revenues
Company press release: ID:nEQ73x5C5a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue | Miss | CHF 272.38 mln | CHF 278 mln (1 Analyst) |
H1 Net Loss |
| CHF 4.97 mln |
|
H1 EBIT |
| CHF 1.60 mln |
|
H1 EBIT Margin |
| 0.60% |
|
H1 Free Cash Flow |
| CHF 7.20 mln |
|
H1 Orders |
| CHF 311.42 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Komax Holding AG is CHF67.50, about 11.4% above its August 12 closing price of CHF60.60
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
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Aug 12 - Viscom H1 revenue falls on subdued investment activity
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)