Phoenix Mecano

The Phoenix Mecano Group's consolidated gross sales for the first nine months of 2024 remained slightly below last year’s level, with growth in the DewertOkin Technology Group Co., Ltd. largely offsetting declines in the two industrial divisions. Changes in the business mix led to uneven capacity utilization and slightly reduced profitability, while incoming orders and a book-to-bill ratio above 1 indicate positive business momentum. Phoenix Mecano has reaffirmed its guidance and medium-term targets through 2026. Read the press release here: https://lnkd.in/e5gXyDV2

Congratulations to our subsidiary PTR HARTMANN GmbH on the groundbreaking ceremony for a modern office building with production hall in Baiersdorf, Germany. PTR HARTMANN, renowned for its top-tier electrotechnical components, is expanding with a modern office and production facility to meet growing market demands. The new building is set for completion in December 2025 and will feature employee-centric designs as well as sustainable energy solutions like a 100 kWp photovoltaic system, and innovative ventilation and heat recovery systems.

Phoenix Mecano held its own in a difficult environment in the first half of 2024. The Group's sales and profit were down on the previous year's figures. While industrial activities were impacted by the continued weakness of the European economy, the turnaround of the largest division, DewertOkin Technology Group Co., Ltd., continued. Read the press release here:

Our CEO Rochus Kobler recently took part in the Branchentalk Industrieperlen organized by schweizeraktien.net AG and Helvetische Bank AG. He showed why the shortage of skilled workers is not (yet) a big issue for Phoenix Mecano and how the Group's solutions in lean production and digital health help getting work done with fewer people.

Phoenix Mecano is well on its way to reducing CO2 emissions by 50% by 2030 (Scope1+2). In absolute terms, the Group reduced CO2 emissions by 7% in 2023 compared to the previous year. In relation to turnover, the figure was 5%.  For its Sustainability Report 2023, Phoenix Mecano also identified and assessed the most significant climate-related risks and opportunities. Investments in photovoltaic systems at the Group's production sites like the one shown at DewertOkin Technology Group Co., Ltd. will have an impact here over the next few years. A total capacity of 12 GWh is planned, around half of which is already in operation. Learn more about Phoenix Mecano's commitment to sustainability: https://lnkd.in/eyNni6Td

Phoenix Mecano ended financial year 2023 more focused and more profitable. The Group grew organically, improved its profitability and return on capital, and eliminated net indebtedness. In the first quarter of 2024, the DewertOkin Technology Group division confirmed its turnaround with renewed growth, while caution among industrial customers impacted the Industrial Components and Enclosure Systems divisions. Read the press release here: https://lnkd.in/eCqy56ts

Our subsidiary REDUR GmbH & Co. KG is growing and is planning to build a new site. Redur has recently signed the purchase agreement of the land for the planned new building in Brainergy Park Jülich GmbH in Germany. This 52-hectare business park is located between the urban centers of Cologne and Aachen and near renowned universities. Starting in mid-2025, about 4000 square meters of state-of-the-art office and production space for around 100 employees will be built. In the midst of a unique network of business, research and start-ups, the site offers an ideal environment for Redur. It will house production, sales and an engineering hub for the development of AC and DC current sensors for low-voltage and high-voltage applications as well as for innovative transformers, chokes and filters.

Ever wondered what it takes to build human-machine-interface (HMI) systems? In just over a minute, this short video will show you how the colleagues at Phoenix Mecano Hungary do it.

In financial year 2023, Phoenix Mecano was able to sustain its sales despite divestments and boost its profitability in continuing operations. The DewertOkin Technology Group Co., Ltd. achieved a turnaround. Phoenix Mecano Group CEO Rochus Kobler said: “After a year of sales growth in continuing operations and increased margins and cash flows, Phoenix Mecano is in its best shape for many years. Read the press release here: https://lnkd.in/e7dEwxK7

Swiss Radio and Television SRF recently published an article about how China aims to attract foreign investments from the West. The article mentions how Phoenix Mecano established the headquarters of its subsidiary DewertOkin Technology Group Co., Ltd. near Shanghai as an example of a Swiss company that continues to invest in China despite geopolitical tensions.  Read the full story at the following link (in German):  https://lnkd.in/d_UVwmaV