maxon Exceeds CHF 700 Million Mark in Revenue for the First Time
In 2022, the maxon Group/CH continued its success story of more than 60 years, increasing revenue by 13 % to CHF 707,7 million (previous year: CHF 626,5 million). For the current financial year, the company is cautiously optimistic.
Despite the deterioration in the economic outlook and the strong Swiss franc, the maxon Group can look back on a satisfyingly positive 2022 financial year. The medical technology and industrial automation sectors significantly contributed to this result. maxon invested CHF 33,9 million in 2022 to expand its capacities. Cash flow fell to CHF 53,8 million (previous year: CHF 77,4 million). The US, Korean, and Hungarian markets developed strongly. Germany remained stable. In China, however, growth slowed as expected due to its strict zero-COVID policies. With currently 3341 members of staff, the company employs 4 % more people worldwide than in the previous year.
“Our diverse business model has proven itself with the Industrial Automation, Aerospace, Medical, Mobility Solutions, and the new Intralogistics business units. We are focusing strongly on these specific markets, in which we have and maintain significant know-how,” said Dr Karl-Walter Braun shareholder and Chairman of the Board of Directors of the maxon Group.