Schlatter Industries Boosts Net Sales and Earnings in 2023 Fiscal Year

• Schlatter Group increased net sales to CHF 128.6 million in 2023 financial year - Order intake was CHF 113.1 million, with a backlog of CHF 73.9 million - Operating result (EBIT) was positive at CHF 7.1 million - Demand for products normalized, with growth in after-sales volumes - Welding segment achieved order intake of CHF 95.0 million - Weaving segment recorded order intake of CHF 18.1 million
• Suppliers' delivery problems eased in the second half of the year, but backlogs led to additional costs - Prices of sourced materials stabilized at a higher level - Net sales were 16.4% higher year on year - Schlatter Group expects slightly lower net sales in 2024 financial year - Board of Directors will propose capital reserves payment instead of dividend at annual general meeting