V-ZUG Holding Ltd

Latest Results (09.11.2025):

V-ZUG Holding Ltd’s latest financial results for the fourth quarter of 2024 demonstrate modest revenue gains alongside significant improvements in profitability. The annual performance report highlights a slight increase in net sales to CHF 591.7 million, a 50.8% surge in operating earnings (EBIT) to CHF 25.3 million, and a robust rise in the Group’s net result by 83.2% compared to the previous year. These achievements were driven by effective inventory management, cost control measures, and strategic investments, positioning the company well for a sustainable recovery despite challenging market conditions.

Net Sales Growth

Net sales reached CHF 591.7 million in 2024, marking an increase of 1.1% (or 1.5% on a currency-adjusted basis) compared to the previous year. This growth was supported by the reduction of last year’s remaining inventory and a rebound in market demand, particularly in the second half of the year.

Enhanced Profitability

The operating result (EBIT) saw a significant boost of 50.8% to CHF 25.3 million, with an improvement in margins from 2.9% to 4.3%. This improvement is attributed to rigorous cost control and enhanced operational efficiency under the “Simplify V-ZUG” initiative.

Strong Cash Flow and Strategic Investments

Operating cash flow was robust at CHF 58.0 million, and the positive free cash flow further underscored financial resilience. Notably, the completion and handover of the “Zephyr Ost” production building and other capacity-enhancing investments have strengthened the company’s long-term production efficiency and financial stability.

Market and Sustainability Focus

While the Swiss market showed positive developments with net sales rising to CHF 496.8 million, international markets experienced mixed results. The company also made progress on sustainability, reducing direct CO2 emissions by 5.4% and advancing its transition towards a circular economy.