Phoenix Mecano presents medium-term targets at its Capital Markets Day

Phoenix Mecano Management AG / Key word(s): Miscellaneous Phoenix Mecano presents medium-term targets at its Capital Markets Day 01-Dec-2022 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

The Phoenix Mecano Group is holding its first Capital Markets Day in Stein am Rhein today, with the Group giving an insight into the activities and strategic focus of its various business areas and announcing its strategic targets for the medium term (up to 2026).

Kloten/Stein am Rhein, 1 December 2022. CEO Rochus Kobler will present an in-depth insight into the activities of its various business areas and their strategic priorities, the Group's growth and profitability targets. Dr Gregor Langer, Managing Director of Rose+Krieger and head of the Automation Modules business area in the division Industrial Components, will set out how Rose+Krieger's products and solutions will play a key role in the smart production activities of the future. Dr Heinz Werner Rixen, head of the Enclosure Systems division, will describe how this division is increasingly becoming a provider of customised solutions, and Dr Josef Gross, head of the DewertOkin Technology Group division, will explain in a video interview why the drive systems business for comfort and healthcare furniture is set to continue growing despite a temporary dip in demand. Michael Jahn, Managing Director of Phoenix Mecano Komponenten AG in Stein am Rhein, will indicate, during a tour of the company, how a local presence and close ties with our customers make a vital contribution to value creation.

By offering appropriate products and solutions, all Phoenix Mecano Group business areas benefit from long-term megatrends such as digitalisation, automation and demographic change. The Enclosure Systems and Industrial Components divisions are pioneers in European markets in their respective niches, and their global network means that they are ideally placed to expand their market share around the world. The drive systems for comfort and healthcare furniture area (DewertOkin Technology Group) is focusing on increasing profitability and harnessing opportunities for growth. The industrial park in Jiaxing (China) which has now been completed boosts vertical integration, and innovation projects in the field of medical applications are expected to generate additional growth.