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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.
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: R&S Group announces preliminary 2023 topline results and increases FY 2024 guidance  
End of Inside Information  
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

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January 24, 2024 01:00 ET (06:00 GMT)