Comet Holding Ltd.

COTN

Equity

ISIN CH0360826991 / Valor 36082699

SIX Swiss Exchange (2024-11-21)

CHF 273.00+0.74%

Comet Holding Ltd.
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About company

Comet Holding Ltd. is a Swiss-based company specializing in the development and manufacturing of innovative components and systems used in the fields of vacuum technology, radio frequency (RF) technology, and X-ray technology. The company's products are integral to a variety of applications across sectors such as semiconductor manufacturing, automotive, security, and electronics. Comet Holding's focus is on leveraging its core competencies in these areas to deliver high-quality, precision technologies that meet the evolving needs of its global clientele. The firm is recognized for its commitment to advancing technology in alignment with industry demands, thereby supporting the operational capabilities of its customers worldwide.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

In the first quarter of 2023, Comet Holding Ltd. reported net sales of CHF 397,453 thousand, reflecting a decrease from the CHF 586,395 thousand recorded in the same quarter of the previous year.

Gross Profit

Comet Holding Ltd.'s gross profit for Q1 2023 stood at CHF 162,926 thousand, down from CHF 261,633 thousand in Q1 2022. This decline is attributed to higher cost of sales and lower net sales.

Operating Income

For the first quarter of 2023, Comet Holding Ltd. achieved an operating income of CHF 24,978 thousand, a significant drop from the CHF 98,975 thousand reported in Q1 2022. This reduction is due to increased operating expenses and lower gross profit.

Net Income

Comet Holding Ltd. recorded a net income of CHF 15,388 thousand in Q1 2023, compared to CHF 78,109 thousand in the same period of the previous year. The decrease in net income is primarily due to lower operating income and higher tax expenses.

Earnings Per Share

In the first quarter of 2023, Comet Holding Ltd. reported diluted and basic earnings per share of CHF 1.98, a decrease from CHF 10.05 in Q1 2022. This decline reflects the overall reduction in net income for the period.

Summarized from source with an LLMView Source

Key figures

16.2%1Y

-25.5%3Y

133%5Y

Performance

36.4%1Y

39.5%3Y

40.2%5Y

Volatility