SKAN Records Significant Profit and Order Growth in 2024

In its 2024 financial year, SKAN Group reported a substantial increase in both profits and orders. The group recorded an order intake of CHF 359.5 million, marking a 21.8% rise compared to the previous year. This robust order backlog of CHF 318.3 million provides strong visibility for the year ahead. Net sales rose by 12.9% to CHF 361.3 million, adjusted to 13.6% for currency effects. EBITDA saw an increase of 13.6% to CHF 57.0 million, with the EBITDA margin at 15.8%.

Despite some project postponements to 2025, thereby missing initial sales growth targets, the group exceeded the EBITDA margin expectations. The company plans to propose a CHF 0.40 per share dividend for 2024. Order intake for the Equipment & Solutions segment grew by 19.6% to CHF 255.0 million, while the Services & Consumables segment saw a 27.6% rise.

Investments in future growth amounted to CHF 53.8 million, primarily focused on developing pre-approved services. SKAN also made strides in its sustainability strategy, aligning with ESG protocols.