X-Ray Systems

The strategic realignment of IXS, with a stronger focus on the semiconductor and electronics sectors, is progressing at a considerable pace. While this transition is well underway, traditional industrial markets still account for a significant portion of our net sales.

In 2024, IXS made substantial investments in future growth opportunities, reinforcing the division’s commitment to innovation and market expansion. Despite the weakness in traditional end markets, net sales have only declined marginally, demonstrating the resilience of IXS’ business model. However, these forward-looking investments as well as the still significant contribution from lower margin contracts have impacted profitability in the short term. The division remains confident that the strategic shift will enhance long-term value creation and position the company for sustainable growth in high-margin sectors.

In 2024, IXS successfully advanced the market presence of CA20, further building on its initial launch. The CA20 fab version was introduced to the market, expanding the portfolio and enhancing the ability to serve customers in high-tech industries. A significant milestone was achieved with the first purchase order for the CA20. To support the growing adoption of IXS’ solutions, the division established a global service ecosystem for its fab solutions, ensuring seamless integration and customer support across regions. This initiative strengthens the competitive edge by enhancing service reliability and improving overall customer experience.

Recognizing the increasing importance of the semiconductor and electronics markets, IXS has strategically expanded its footprint to secure long-term growth. This includes investing in talent acquisition, upskilling initiatives, and knowledge development to ensure that the teams are well-equipped to drive innovation and meet evolving industry demands.

Net sales in the year under review eased by 0.9% to CHF 115.9 million (prior year: CHF 117.0 million) and EBITDA turned to a loss of CHF 4.3 million from a profit of CHF 4.9 million in the previous year. The EBITDA margin was a negative 3.7% compared to a profitable 4.2% one year ago.