Schlatter Industries AG ( (CH:STRN) ) has shared an update.
Schlatter Industries AG reported a decrease in net sales and operating profit for the 2024 financial year, primarily due to delays in commissioning customer projects in the welding segment and the impact of a cyber-attack. Despite these challenges, the company maintained a strong order backlog, ensuring capacity utilization for 2025. The weaving segment saw a decline in order intake, but the company secured a major contract in Turkey, indicating a shift in market dynamics. Schlatter aims to improve its operating result in 2025, although it anticipates lower sales.
More about Schlatter Industries AG
Schlatter Industries AG is a company listed on the SIX Swiss Exchange, specializing in the production of industrial machinery, particularly in the welding and weaving segments. The company focuses on systems for industrial mesh production, rail welding machines, and weaving machines for the paper industry, with a significant presence in European markets.
Average Trading Volume: 429
Current Market Cap: CHF23.86M
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