Ferrum looks back on a good year 2023
09. Jan 2024
Current investment surge will continue for another two years
After a challenging year in 2022, Ferrum returned to growth and closed the 2023 financial year with a turnover of CHF 215 million. The ground-breaking ceremony for the CHF 40 million extension in Schafisheim was held in early summer 2023. Substantial investments were also made at the international locations. Extensive further investments are planned for the current year 2024 and for 2025.
Ferrum back on the growth path
With sales growth of a good 8%, Ferrum had a successful 2023. The Ferrum Packaging division in particular contributed to this growth. Ferrum Packaging benefited from its ongoing internationalization and innovative strength, which is highly valued by customers. Internationalization will continue in 2024 and 2025: a branch in Africa and additional locations in Europe are currently being examined.
The extension in Schafisheim is progressing according to plan. The topping-out ceremony is scheduled for the summer 2024 and the intensive relocation phase of all activities from Rupperswil to the extension will take place in the first half of 2025.A small acquisition was also completed in summer 2023: the new Ferrum Analytics and Sorting AG division with the activities of QualySense currently only contributes a modest 2% to Group sales, but offers very interesting opportunities.
Ongoing investment boost
However, the construction project in Schafisheim is only part of the current investment push. Significant investments are also being made at the two sites in Waukesha, USA and Wronki, Poland. However, the main focus in 2024 will not be on these tangible investments, but on the operational backbone of the Ferrum Group: after intensive preparatory work, Switzerland will go live with SAP S/4HANA in summer 2024, followed by the two plants in Germany and Poland before the end of the year, before the other international locations follow in 2025.
"I am pleased that we have returned to growth in 2023 as forecasted," says Beat Bühlmann, Executive Chairman of Ferrum. "Despite economic concerns, I am also confident about the current financial year; the order backlog is good. The introduction of the new ERP this year is essential for our further internationalization. "Together with further investments, we are laying the foundations for Ferrum's medium and long-term growth."
More information at: www.ferrum.net
PR contact
Branko Radovinovic
Head of Marketing
Phone: +41 62 889 14 53
E-mail: branko.radovinovic@ferrum.net
Internet: www.ferrum.net
