The Elma Group continued its transformation process in 2023 and increased both order income by 5.5% and net sales by 8.1% compared with the previous year. The company’s profit improved from CHF 4.2 million in the previous year to CHF 5.0 million in 2023. The Board of Directors will propose to the 2024 Annual General Meeting an unchanged dividend payment of CHF 2.00 per share.
Sustainability is a key part of Elma Electronic’s corporate culture. Along with driving our business success, we are committed to taking care of our employees, protecting the environment, and making a positive impact on society.
Elma started to calculate its CO2 emissions in 2021, as a result, 2021 is the selected baseline year for emissions reduction targets. In 2024 Elma’s emissions reduction targets were approved by the Science Based Targets initiative (SBTi). Understanding current emissions is the first step in defining goals that ensure long-term environmental protection and the success of our company. We want to continue on this path, concentrating our efforts on concrete measures within the company.
We publish our sustainability report 2024 in line with the Swiss Code of Obligations.
The Elma Group had a successful start into 2024. In the first half of 2024, Elma recorded net sales on record level and also significantly increased profitability. Thanks to a further easing in the supply chain situation and the optimization of production processes, Elma was able to significantly improve their delivery performance to customers. Order income decreased slightly in all regions but was still at a solid level. Inventories were reduced in the first half of 2024 year on year. The number of employees remained unchanged compared to the end of 2023.
One of Elma Group’s mid-term goals is to build a new headquarters at the Wetzikon site in Switzerland. This will further expand system integration and electronic design in Switzerland. The construction planning has progressed as planned and the project is now taking concrete shape. In order to position the Elma Group for the future, sustainability is one of the strategic pillars and is anchored in the organization. In the annual sustainability report, Elma will provide information about their sustainability performance in the areas of Environment, Social and Governance (ESG).