R&S Group announces preliminary 2023 topline results and increases FY 2024
guidance

R&S Group Holding AG / Key word(s): Sales Result
R&S Group announces preliminary 2023 topline results and increases FY 2024
guidance

24-Jan-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement according to Art. 53 LR

R&S Group announces preliminary 2023 topline results and increases FY 2024
guidance

  * FY 2023 Net Sales of CHF 216.7 million, resp. CHF 201.6 million excl.
    divested business, equivalent to organic sales growth of 30%

* Order Backlog of CHF 185.7 million at year-end, an increase of 16.9%

  * Guidance for FY2024 increased to Net Sales growth of 9%-12% (up from
    8%-10%) and an EBIT margin in the range of 16%-18% (so far 15%)

Sissach/BL, Switzerland, 24 January 2024 - R&S Group Holding AG (SIX: RSGN),
a leading provider of electrical infrastructure components in focus markets
in Europe and the Middle East, today announced preliminary unaudited sales
results for the full year (FY) 2023. Net sales for FY 2023 amounted to CHF
201.6 million, corresponding to a growth of 30% when excluding SERW, the
fully divested high-voltage switches business in the Czech Republic. The
achieved sales level is in line with the revised guidance of "above CHF 200
million" of 5 December 2023 thanks to very positive business performance in
the Group's focus markets. In particular, markets in Europe with renewables
and wind farms performed well. These positive business developments are
testimony to the positive mega trends of decarbonization, decentralization
and modernization and the encouraging momentum in the Group's end markets
which is expected to continue unabatedly.

Thanks to the good business dynamics, R&S Group closed the year with a
record order backlog of CHF 185.7 million, up from CHF 158.9 million at
year-end 2022 (+16.9%), which bodes well for the expected development in
2024 and beyond.

The above are pre-consolidated figures which do not yet include the costs
associated with the business combination with VT5. Certain costs from this
merger are to be booked as non-operating.

As a result of the positive outlook, the Group revises its revenue guidance
and now expects net sales to grow at a rate of 9%-12% in FY 2024, up from
8-10% as communicated previously, and an increased EBIT margin from
previously 15% to a range between 16% and 18%.

Further information will be provided on 21 March 2024 with the publication
of preliminary unaudited 2023 key figures for R&S Group.

Calendar 2024
21 March Preliminary 2023 key figures
17 April 2023 full-year results
28 May Annual General Meeting
24 July Trading update
11 September 2024 half-year results


Contacts

Investor Relations
Doris Rudischhauser
Phone: +41 79 410 81 88
Email: investors@the-rsgroup.com

Media
Nicolas Weidmann
Phone: +41 79 372 29 81
Email: media@the-rsgroup.com


About R&S Group

R&S Group Holding AG ("R&S Group", the "company") is headquartered in
Sissach/BL, Switzerland. With six manufacturing facilities in Switzerland,
Italy, Poland and the Middle East, R&S Group serves its domestic and various
European export markets with small and medium power and distribution
transformers and other components in the utility, infrastructure and
industrial sectors. The company has been successfully positioned to benefit
from the accelerating demand for energy production and distribution, driven
by the global trend towards decarbonization. R&S Group has been listed on
SIX Swiss Exchange on 13 December 2023 under the ticker symbol RSGN
following its successful business combination with VT5 Acquisition AG, a
previously Swiss-listed Special Purpose Acquisition Company (SPAC).

Further information about the R&S Group can be found at www.the-rsgroup.com.

Disclaimer

This communication expressly or implicitly contains certain forward-looking
statements concerning R&S Group Holding AG and its business. Such statements
involve certain known and unknown risks, uncertainties and other factors,
which could cause the actual results, financial condition, performance or
achievements of R&S Group Holding AG to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. R&S Group Holding AG is providing this
communication as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new information,
future events or otherwise.

Additional features:


File: https://eqs-cockpit.com/c/fncls.ssp?u=a799b9ee7ab77481bebfec5dafc32af5
File description: R&S Group announces preliminary 2023 topline results and
increases FY 2024 guidance

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End of Inside Information

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   Language:       English
   Company:        R&S Group Holding AG
                   Churerstrasse 25
                   8808 Pfäffikon SZ
                   Switzerland
   E-mail:         investors@the-rsgroup.com
   Internet:       www.the-rsgroup.com
   ISIN:           CH1107979838, CH1108008082
   Listed:         SIX Swiss Exchange
   EQS News ID:    1821383

End of Announcement EQS News Service
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1821383 24-Jan-2024 CET/CEST