Joint Venture with Belimed & Steelco Transforms Business Amidst 2023 Challenges

• Metall Zug Group reported net sales of CHF 494.7 million in 2023, a decrease from CHF 645.9 million in 2022.
• The operating result (EBIT) declined to CHF 13.8 million in 2023, down from CHF 135.9 million in 2022.
• The net result fell to CHF 26.7 million in 2023, a decrease from CHF 137.3 million in 2022.
• The joint venture with Belimed and Steelco marks the third and final planned step in the transformation of the Metall Zug Group.
• The Board of Directors will propose a cash dividend of CHF 2.00 gross per type A registered share and CHF 20.00 gross per type B registered share at the General Meeting of Shareholders on April 26, 2024.
• The company faced a challenging market environment in 2023 due to a decline in order intake, high material and energy costs, and unfavorable currency developments.

The next important date, Quarterly report, at Metall Zug Namen-Akt (B) is on 11.03.2024.

Metall Zug Namen-Akt (B)

0,00 %

-2,78 %

-1,32 %

-15,73 %

-29,72 %

-26,68 %

-16,97 %

-24,28 %

ISIN:CH0039821084WKN:A0Q221

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