HANOVER, GERMANY – Viscom reported fiscal 2024 revenue of €84 million ($90.9 million), down 29% from a year ago.

The pretax loss (EBIT) was €11.8 million ($12.8 million) versus a profit of €6.6 million in 2023. The company took one-time restructuring charges of €4.7 million. EBIT before special items was a loss of €7.1 million.

The maker of electronics inspection equipment had forecast revenue of €80 million to €95 million for the year.

Orders fell 34% to €75 million ($81 million), below the forecast range of €80 million to €95 million, on customer postponements and the cancelation of a €4 million order by a customer in the battery sector.

In a statement, Viscom said cost-cutting and personnel changes are largely completed.

The company expressed cautious optimism about the 2025 financial year. Customers remain at a high level of uncertainty and general forecasts for economic growth in 2025 are considered low. Interest rates and the associated high financing costs are also limiting the scope for investment. Demand, particularly for German brands, is currently weak, especially in the field of automotive electronics. Viscom does not expect this situation to change significantly in 2025.

Despite the current challenges, Viscom says it is positioned to generate growth starting in 2026. It guided for orders and target revenue of €80 million to €90 million, with an EBIT margin of 2% to 5%, which corresponds to EBIT of €1.6 million to €4.5 million. Viscom's portfolio and technologies are suited to meet market trends toward electrification, digitalization and mobility, the company said.

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