Business
MS Industrie AG publishes Annual Report 2024
MS Industrie AG publishes Annual Report
About this update from Ms Industrie Ag
[{"type":"text","content":"\n\n\nEQS-News: MS Industrie AG\n\n\n / Key word(s): Annual Report/Annual Results\n\n\n\n\n\nMS Industrie AG publishes Annual Report 2024 \n\n\n\n\n\n\n02.05.2025 / 10:00 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.MS Industrie AG publishes Annual Report 2024\n \nChange in strategy and focus on core business reduce salesGroup result not positive in a difficult environment\nMS Industrie AG (WKN 585518; ISIN DE0005855183) looks back on a challenging and exciting 2024, in which various obstacles were successfully handled. A majority stake in the MS Ultrasonic Technology Group (UTG) was sold to Schunk Sonosystems GmbH, based in Wettenberg. The remaining 49% stake in UTG is consolidated using the “at equity” method. Dr. Andreas Aufschnaiter, member of the management board of MS Industrie AG: “This shows that we want to concentrate primarily on MS XTEC in the future and build up a rapid success story there. This also explains to a large extent our decline in sales in 2024.”\nIn the financial year 2024, MS Industrie AG generated consolidated revenues of around EUR 171 million after EUR 250 million in the previous year (according to HGB / German GAAP). The consolidated net result after taxes for 2024 amounted to EUR -3.9 million – after a positive year 2023 with EUR +4.6 million (according to HGB). “Geopolitics, the weak truck market, the massive destocking by our customers, the run-up to the US elections – all these things did not do our business any good, especially in the second half of the year. But we were able to fill our order books significantly again. Since March of this year, our order backlog of EUR 81 million is more or less as full as it was at the beginning of 2024,” continues Dr. Aufschnaiter. The equity ratio was a significantly improved 44.0% as at December 31, 2024 (previous year according to HGB: 35.1%) together with a massive reduction in bank liabilities.\nFollowing the production hall expansion at the Trossingen site, completed in the previous year with around 3,500 square metres of additional space, the automation / digitalization of production using new robotic systems was largely completed in financial year 2024; the positive effects of the investment programme of the last three years will therefore be fully felt from the beginning of 2025. Armin Distel, membe...