Capital Markets Day 2023 - Seite 2

Like PCT, the two x-ray divisions X-Ray Systems (IXS) and X-Ray Modules (IXM) have made significant progress in their realignment towards growth and future markets. For example, IXS has intensified its collaboration with a leading company as a co-creation partner in the field of advanced packaging and driven forward the development of inspection solutions for multi-chip modules. IXM has successfully placed its technologically leading x-ray tubes and modules in the target markets of semiconductors, electronics, and batteries.

Expansion plans in Penang, focus on more robust positioning over the cycle
Comet looks to the future with confidence. In view of the dynamic growth in demand for semiconductor equipment in the medium term, a further expansion in Penang, Malaysia, is being considered. Planning for a dedicated building at the site has started. With this step, Comet will reinforce its presence in Asia with the establishment of Penang as a dedicated Asian hub. 

Beyond strategically balancing Comet’s manufacturing and applications footprint to get closer to the end customers, the company continues to improve its cost structure and operational excellence to make it more profitable and robust. To this end, Comet has launched initiatives to grow in different semiconductor market segments and geographies and therefore broaden the customer and technology basis.

Medium-term targets adjusted
Comet confirms the focus strategy developed in 2019. The medium-term targets issued at that time will be adjusted slightly upwards and postponed.

As a result of the persistent implementation of its focused growth strategy, Comet expects to achieve net sales of between CHF 800 million and 900 million, an EBITDA margin of 25% to 30% and a return on capital employed (ROCE) of 30% to 35% at the peak of the next semiconductor cycle. From today's perspective, this will be the case around 2027.

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Capital Markets Day
Comet will hold a Capital Markets Day in the form of an in-person event on November 9, 2023, from 9:30 am to 12:15 pm CET at the Hotel Widder in Zurich, Switzerland. The event will be held in English only and can be accessed as a live video webcast via the following link.