Swiss transformer manufacturer R&S Group raises 2024 guidance to 12% net sales growth and 20% EBIT margin.
Swiss-based transformer manufacturer R&S Group raised its 2024 guidance, expecting net sales growth above 12% and EBIT margin at 20%. Free cash flow margin guidance is raised to mid-teens double-digit as a percentage of net sales. The strong order backlog and favorable market dynamics contributed to the positive outlook, with the company aiming for annual net sales growth of 12% and EBIT margin of 20% in the mid-term.
May 17, 2024
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