Comet Holding AG
LSE:0ROQ
Comet Holding AG
Comet Holding AG is a Swiss-based company that stands as a pivotal player in the high-tech sphere, known for its expertise in industrial electronics. Nestled in the heart of Europe, Comet transforms innovative ideas into cutting-edge technologies, with a particular focus on two main segments: X-ray and radio frequency (RF) power products. The company spun its narrative around the ability to delve beneath the surface—both literally and figuratively—by offering X-ray and CT systems that reveal the hidden intricacies of complex materials. This ability to explore the invisible not only caters to industries ranging from aerospace to electronics, ensuring safety and reliability but also forms the cornerstone of Comet’s distinct niche.
Hand-in-hand with its X-ray segment, Comet's RF technology segment addresses the sophisticated needs of the semiconductor and electronics sectors. These systems play a crucial role in plasma control and the precise manufacturing processes that today's advanced chips and electronic components demand. By marrying innovation with application, Comet not only designs but also optimizes RF power solutions that enhance efficiency and performance. This dual approach of tackling intricate industrial challenges propels Comet’s revenue stream, driving its market position as a leader in both probing hidden depths through X-ray technology and orchestrating precision in electronics manufacturing. Through its technical prowess and strategic market applications, Comet Holding AG remains a formidable entity, underpinning the technological advancements of tomorrow.
Comet Holding AG is a Swiss-based company that stands as a pivotal player in the high-tech sphere, known for its expertise in industrial electronics. Nestled in the heart of Europe, Comet transforms innovative ideas into cutting-edge technologies, with a particular focus on two main segments: X-ray and radio frequency (RF) power products. The company spun its narrative around the ability to delve beneath the surface—both literally and figuratively—by offering X-ray and CT systems that reveal the hidden intricacies of complex materials. This ability to explore the invisible not only caters to industries ranging from aerospace to electronics, ensuring safety and reliability but also forms the cornerstone of Comet’s distinct niche.
Hand-in-hand with its X-ray segment, Comet's RF technology segment addresses the sophisticated needs of the semiconductor and electronics sectors. These systems play a crucial role in plasma control and the precise manufacturing processes that today's advanced chips and electronic components demand. By marrying innovation with application, Comet not only designs but also optimizes RF power solutions that enhance efficiency and performance. This dual approach of tackling intricate industrial challenges propels Comet’s revenue stream, driving its market position as a leader in both probing hidden depths through X-ray technology and orchestrating precision in electronics manufacturing. Through its technical prowess and strategic market applications, Comet Holding AG remains a formidable entity, underpinning the technological advancements of tomorrow.
Record Results: Comet posted an all-time high in sales, profitability, and free cash flow for 2021, with sales up nearly 30% to CHF 513.7 million.
Margin Expansion: Gross margin increased by 360 basis points, and EBITDA margin rose to 20% from 14.8%, driven by higher volumes, improved product mix, and operational efficiencies.
Strong Asia Growth: Sales in Asia jumped 60%, now making up about 41% of group sales, thanks to investments in local production and direct sales, especially in Taiwan and China.
Positive 2022 Outlook: Management guided for 2022 sales of CHF 570–610 million (up 11–19%), with EBITDA margin expected between 21% and 23%.
Supply Chain Managed: While supply chain and cost inflation remain challenges, Comet has managed impacts well so far, passing some costs to customers and ramping up production in Penang.
RF Generator Launch: The first sales of the new Synertia RF generator have started, with the company targeting 10% midterm share in a CHF 1.1–1.3 billion market by 2025.
