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Media Releases

  • 2020

    • 11/16/2020 - Consultation process in Switzerland completed
      Today, Komax employees have been informed of the outcome of the consultation process carried out at the two sites in Switzerland. There will be 70 redundancies, over 40% of which will be covered by natural fluctuation and some early retirements. Komax has a social plan in place and will support all staff affected in seeking new employment.
    • 10/22/2020 - Komax expects rise in revenues and EBIT in second half of 2020
      The market situation for Komax has improved every month since mid-year. Komax therefore expects to achieve a better result in the second half of 2020 than in the first six months of the year.
    • 8/18/2020 - Komax mitigates repercussions of COVID-19 with structural adjustments and cost reductions
      The slump in demand in the automotive industry brought about by the coronavirus pandemic weighed on the Komax Group in the first half of 2020. Order intake declined by 30.4% to CHF 143.8 million, while revenues decreased by 28.6% to CHF 145.2 million. Thanks to the initiation of swift and rigorous cost-cutting measures at all its companies, Komax was able to mitigate the negative consequences to a significant degree.
    • 7/30/2020 - Preliminary information on the Komax Group's results for the first half of 2020
      The automotive industry has been severely impacted by the coronavirus pandemic. Auto manufacturers had to close their plants for weeks and suspend production. This caused a subsequent slump in demand for the Komax Group’s automation solutions in the first six months of 2020.
    • 5/11/2020 - Annual General Meeting of Komax Holding AG: Shareholders approve all proposals of the Board of Directors
      At the Annual General Meeting of 11 May 2020, the shareholders of Komax Holding AG approved all the proposals of the Board of Directors. The Annual General Meeting was held at the premises of Komax Holding AG in Dierikon without the shareholders attending in person. In total, 42.8% of the votes were represented by the independent proxy.
    • 5/11/2020 - Komax continues to drive forward digitalization and expands Executive Committee
      In recent years Komax has invested considerably in digitalization and has developed innovative digital solutions for automated wire processing. To accelerate digitalization in sales and service, Komax is grouping together its IT, digital business and global sales and service activities in a single unit.
    • 4/8/2020 - Annual General Meeting to be held without shareholders present
      Based on the Ordinance 2 of the Federal Council on measures to prevent coronavirus (COVID-19 Ordinance 2), the Board of Directors has decided that the Ordinary Annual General Meeting will take place without any shareholders present. With a view to farsighted liquidity planning, the Board of Directors has likewise decided to forego the originally planned dividend payment of CHF 1.80 per share. A new form for submitting instructions to the independent proxy will be made available to shareholders, and the Annual General Meeting is being postponed from 21 April to 11 May 2020.
    • 3/17/2020 - Board of Directors confirms strategy and adapts mid-term targets
      The 2019 financial year was marked by a sluggish automotive industry and the knock-on effects for the Komax Group: order intake (CHF 408.7 million), revenues (CHF 417.8 million), and EBIT (CHF 24.0 million) decreased considerably and were well below the record result achieved in 2018.
    • 1/28/2020 - Preliminary information on 2019 financial year
      2019 was a challenging year for the Komax Group. Owing to a sluggish automotive industry, it fell well short of the record result achieved in 2018: Order intake decreased by 17.7% to CHF 408.7 million (prior year: CHF 496.7 million), while revenues were approximately 13% lower at around CHF 415 million (prior year: CHF 479.7 million).

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