Comet reports strong fourth quarter thanks to ongoing turnaround in the semiconductor cycle
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Comet Holding AG / Key word(s): Preliminary Results Ad hoc announcement pursuant to Art. 53 LR Key figures for FY24 (preliminary and unaudited)
Comet today announced preliminary and unaudited results for the 2024 financial year, with net sales of approximately CHF 445 million, an increase of around 12.1% compared to the previous year (FY23: CHF 397.5 million). The EBITDA margin rose to roughly 13.8% (FY23: 11.3%). In Q4/24, the company generated around CHF 143 million in revenue, which marked a significant improvement compared to both the previous year (Q4/23: CHF 112.7 million, +27%) and the previous quarter (Q3/24: CHF 113.2 million, +26%). Revenue growth was entirely driven by the recovery in the semiconductor market. However, the pace of recovery has varied across segments within the semiconductor industry. While AI and high-performance computing (HPC) applications have experienced rapid growth, consumer-driven markets like smartphones, PCs, and traditional industrial sectors, including automotive, remain subdued. This uneven recovery highlights the varying speeds of progress within the industry. In terms of profitability, Comet reported an EBITDA margin slightly below its latest expectations due to higher investments and a slightly unfavorable product mix. For FY25, Comet anticipates the semiconductor recovery to persist, leading to an improved performance compared to FY24. The audited results for the 2024 financial year and an in-depth management outlook for the 2025 financial year will be announced on March 6, 2025. -end-
Comet Group End of Inside Information |
| Language: | English |
| Company: | Comet Holding AG |
| Herrengasse 10 | |
| 3175 Flamatt | |
| Switzerland | |
| Phone: | +41 31 744 90 00 |
| E-mail: | info@comet.tech |
| Internet: | www.comet.tech |
| ISIN: | CH0360826991 |
| Valor: | 36082699 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2075709 |
| End of Announcement | EQS News Service |
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2075709 28-Jan-2025 CET/CEST
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