VT5 Acquisition Co. Pref Registered (A): R&S Group's 2023 Results Beat Expectations, 2024 Guidance Upgraded

• R&S Group Holding AG announced preliminary 2023 topline results and increased FY 2024 guidance.
• The company reported FY 2023 net sales of CHF 216.7 million, or CHF 201.6 million excluding divested business, equivalent to organic sales growth of 30%.
• The order backlog at the end of the year was CHF 185.7 million, an increase of 16.9%.
• The company has revised its guidance for FY 2024, expecting net sales growth of 9%-12% (up from 8%-10%) and an EBIT margin in the range of 16%-18% (up from 15%).
• The positive business performance was largely due to the company's focus markets, particularly in Europe with renewables and wind farms.
• Further information and preliminary unaudited 2023 key figures for R&S Group will be provided on 21 March 2024.