Outlook 2024

For the business year 2024, EMS expects a continuing difficult economic environment. Geopolitical conflicts and the sustained effects of inflation on spending power will continue to subdue further development of demand. Raw material and transport costs are likely to rise further. In addition, new political regulations and penal customs duties are also unsettling consumer confidence and hampering companies' investment decisions. There are no signs of any growth impulse in the manufacturing industry worldwide.

EMS consistently pursues its sales offensive and successful growth strategy with specialties. Innovative solutions, focusing on cost, fuel, energy and CO2 savings are continuously realized together with customers, and global market positions are strengthened. EMS considers itself in an excellent position to seize the numerous opportunities appearing in the markets through innovation, thereby generating disproportionally high growth.

To meet growing customer demand, EMS is pursuing the investment program announced in 2021, with over CHF 300 million to increase capacity and energy efficiency at the main site in Domat/Ems (Switzerland). A further large-scale plant, with a newly developed manufacturing process that reduces energy consumption by half, was taken into operation in the first quarter of 2024.

EMS also holds a benchmark position for customers with regard to sustainability. EMS itself is already CO2 neutral (Scope 1 and Scope 2) and certified in accordance with ISO 14001, EcoVadis Gold and International Sustainability & Carbon Certification (ISCC). Together with its global suppliers, EMS is implementing numerous projects to reduce their CO2 emissions (Scope 3) to achieve its own net-zero target by 2050.

For 2024, EMS expects net sales slightly below previous year due to currency effects and continues to expect net operating income (EBIT) slightly above previous year.