Komax shares jump on strong order intake, outlook

Swiss industrial automation company Komax Holding AG saw its shares surge more than 10% in early trading on Tuesday after reporting a significant increase in order intake for the first half of the year and raising its full-year revenue guidance.

Komax, which specializes in wire processing and automation solutions for the electronics and automotive industries, said first-half order intake rose 22% year-over-year to CHF 325 million. The company attributed the growth to strong demand across its key markets, particularly in Asia and Europe.

In addition to the order intake figures, Komax revised its full-year revenue outlook upward, now expecting sales to grow between 10% and 15% compared to its previous guidance of 5% to 10%. The company cited robust order backlogs and improved production efficiency as key drivers behind the upgraded forecast.

Analysts at UBS noted that the upward revision reflects sustained demand in Komax’s core segments, including automotive and consumer electronics. The bank maintained a neutral rating on the stock but acknowledged the positive momentum in order flow.

Komax’s shares, which had been trading relatively flat in recent months, gained CHF 12.50, or 11.3%, to CHF 123.00 in Zurich trading by midday. The stock has outperformed the broader Swiss market index, the SMI, over the past week.

The company is scheduled to release its full first-half financial results on August 15, which will provide further insight into its operational performance and margin trends.