Swissnet Group Releases FY 2024 Financial Statements

Swissnet Group has published its audited financial statements and management report for the fiscal year 2024. The company, a leader in ICT solutions, revealed key financial figures in Swiss francs, excluding recent acquisitions effective from January 2025. Revenues surged to CHF 13,066,000, marking a 112% increase from 2023, primarily driven by significant growth in hardware sales. The gross margin decreased to 66% from 80% the previous year. Adjusted EBITDA rose to CHF 2,504,000, and net income reached CHF 1,261,000, a recovery from a loss of CHF 2,864,000 in 2023.

The proforma financials show revenues of CHF 21,007,000 for the entire group, maintaining a 61.6% gross margin. Adjusted EBITDA for the consolidated entity was CHF 4,399,000, with a net income of CHF 2,548,000. These results exclude new acquisitions concluded in early 2025, providing a snapshot of the group's financial health prior to these strategic expansions.