X-Ray Systems

The X-Ray Systems division (IXS) was able to implement its turnaround plan despite the general slowdown in economic activity. The declining economic momentum in the face of rising inflation rates and of global conflicts negatively affected the growth of the division’s industry over the course of the year.


“With the CA20, a solution developed for the inspection of semiconductors, we are entering new realms.”

Dionys van de Ven

President, X-Ray Systems

Nevertheless, in 2023, IXS received significant orders from well-known electric-car manufacturers for use in the inspection of batteries, as well as orders from semiconductor manufacturers. The realignment of the system portfolio toward these two growth industries is gaining speed.

During the course of the year, IXS released the CA20 inspection solution, taking 3D x-ray technology for the semiconductor advanced packaging industry to a whole new level. Accuracy, reliability, and efficiency in all inspection tasks are ensured by the state-of-the-art design. The CA20 is optimized for semiconductor applications in terms of stability, imaging, precision and maintenance requirements.

The realignment of the business with a focus on the semiconductor & electronics sector is not yet complete, which is why the less profitable volume business still accounts for a substantial portion of the division’s earnings.

Net sales in the year under review declined by 10.3% to CHF 117.0 million (prior year: CHF 130.4 million), while at the same time, due to lower costs, EBITDA improved by 206.4% to CHF 4.9 million, from CHF 1.6 million in the previous year. The EBITDA margin thus increased from 1.2% to 4.2%.

Key financials of X-Ray Systems at a glance




In CHF million



Net sales






EBITDA margin



Number of employees worldwide



Sales of X-Ray Systems division by market