Review of 2021 – X-Ray Systems
X-Ray Systems
The realignment of the IXS division gained momentum in 2021. Although this journey is not yet fully completed, the division reached important milestones, achieving full-year profitability on an EBITDA basis. The division continued to shift toward the semiconductor device arena, reducing the complexity existing in part of its product portfolio and focusing on value-driven offerings. Work continued on the cost base, which remained stable despite a gradual recovery in the end markets and made a significant contribution to the improved operating result.
IXS recorded 30.1% higher sales of CHF 138.9 million in 2021 (prior year: CHF 106.8 million), signaling a return to the pre-pandemic level. With EBITDA of CHF 8.9 million, the division has achieved an impressive turnaround (2020: loss of CHF 1.0 million). The EBITDA margin rose from –0.9% in the prior year to 6.4%.
Key financials of X-Ray Systems at a glance
|
|
|
CHFm |
2021 |
2020 |
Net sales |
138.9 |
106.8 |
EBITDA |
8.9 |
(1.0) |
EBITDA margin |
6.4% |
– 0.9% |
Number of employees worldwide |
435 |
431 |