Annual report Cendres+Métaux Holding SA 2024
A demanding economic context, but a solid performance.
The 2024 financial year got off to an excellent start, with very positive results in the first half of the year. However, the sharp slowdown in the watch market from the summer onwards impacted our Luxury division, leading to a decline in annual results compared to 2023.
The group's overall turnover is nevertheless up. Taking into account the integration of Lauener & Cie, acquired in December 2023, the organic growth stands at -1.3%. EBITDA reached 12.5% of turnover, compared to 13.7% in 2023. These results are considered satisfactory in view of the economic situation and current geopolitical challenges.
Highlights 2024
Finalization of AI project for automated visual inspection
Centralization of HR and accounting processes on a single SAP ERP system
New production unit for small series at Lauener & Cie
Polishing robot in production with automatic palletizing
New expertise in pure magnesium machining and bar turning
Full acquisition of Queloz SA - 100% of shares now held
History and Innovation - 140 years of know-how at the service of tomorrow
On the occasion of our 140th anniversary, we invite you on a journey through the pillars that make Cendres+Métaux so strong: innovation, people, precision and excellence. From the analytical laboratory to the integration of the latest technologies, each chapter tells a part of our history and our future.
A state-of-the-art lab
We are experts in precious metals. Our analytical laboratory is a pillar of our competitiveness.
Our cleanest rooms
Three ISO-certified clean rooms ensure an ultra-clean production environment for medical devices.
Our teams
For 140 years, people have been at the heart of Cendres+Métaux. Diversity and team spirit are our strength.
Increasingly small
Some of the parts produced by CM are almost invisible. At Lauener, watchmaking pins testify to our precision.
Robotized polishing
We launched a polishing robot that learns the techniques of specialists to increase our capacity.
Quality, a discreet department
The quality department keeps watch at every stage. Standards, responsible practices and automation guide its daily work.
The Board of Directors proposes Hélène Béguin as a new member of the Board of Directors
The Board of Directors proposes to the Annual Shareholder’s Meeting the election of Hélène Béguin as a new member of the Board of Directors.
Hélène Béguin holds a Master's degree in Business Administration from HEC Lausanne (1987) and a diploma as a certified auditor (1992). She joined KPMG in 1987, where she became partner in 2004. From 2020 to 2024, she ultimately served as Chairwoman of the Board of Directors of KPMG Holding SA. With more than 30 years of experience in auditing and consulting, she also serves on the board of the Vaud Chamber of Commerce and Industry (CVCI) and previously chaired the Swiss National Bank's Vaud and Valais advisory board.
Her strategic expertise and knowledge of the Swiss economic structure will be of great benefit in supporting the growth of the Cendres+Métaux Group.
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The shares of Cendres+Métaux Holding Ltd are traded on the electronic trading platform OTC-X of BEKB for unlisted Swiss shares.
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