INFICON with solid start and improved margins - Seite 3

 

Strengthened profitability

INFICON strengthened its profitability on all levels: The gross profit margin increased by 2.0 percentage points to now 47.8%. After same-level investments into R&D of USD 12.2 million and tightly managed selling, general, and administrative costs of USD 30.2 million, the operating income for the period was USD 31.3 million after 30.0 million a year ago. This represents a stronger operating income margin of 20.3% after 19.0% at the end of March last year. INFICON’s business model, its systematic cost management, and operational set-up allow the Group to flexibly adjust to varying business trends. The net result for the period increased by 15.8% to USD 25.6 million or a margin of 16.6% of sales, up from 14.0% twelve months ago. Earnings per share were thus USD 10.47 after USD 9.06 at the end of the first quarter 2023.

 

Cash flow and balance sheet

INFICON increased its operating cash flow in the reporting quarter to USD 22.5 million, up from USD 15.3 million a year ago. Inventories are still high. The strong receivables collection, however, led to an overall lower working capital of USD 215.6 million, down by USD 4 million compared with last year’s first quarter.  The balance sheet remains robust as underlined by a higher net cash position of USD 54 million and a strong equity ratio of 69.8% after 64.9% a year ago.   

 

Web conference

INFICON discusses its first quarter 2024 results in more detail today at 09:30 a.m. CEST in an English-language web conference. You can access the web conference via the following links: https://www.inficon.com/web-conference

 

The presentation is available from 07:00 a.m. in the investors’ area of the INFICON website www.inficon.com.

 

Communication Calendar

The communication calendar of INFICON is continuously updated and available on online in the Investors’ section of the INFICON website www.inficon.com or directly at https://ir.inficon.com/financial-calendar/