Rohde and Schwarz Triumphs Despite Fiscal Challenges
The 2022/2023 fiscal year was marked by geopolitical uncertainty and difficult economic conditions. Nevertheless, Rohde & Schwarz achieved an order intake of well over EUR 3 billion and revenue rose to EUR 2.78 billion. The positive operating result was also in line with expectations. On June 30, 2023, Rohde & Schwarz had around 13,800 employees worldwide.
The wireless communications T&M market declined, especially on the production side, due to the global economic situation. In this challenging environment, the diversified Rohde & Schwarz T&M portfolio proved highly advantageous and ensured a robust fiscal year. Customers in the aerospace & defense market continued to invest in the group’s state-of-the-art T&M technology. The automotive industry is driving the transition to electromobility and the development of autonomous vehicles. This, in turn, is generating high demand for the broad range of solutions that Rohde & Schwarz offers for demanding measurement tasks. The group also further expanded its established position in the Industrial Electronics, Components, Research & Universities market segment.
The ongoing geopolitical developments have led governments and industry to focus more strongly on digital and technological sovereignty. This paradigm shift is also affecting the business of Rohde & Schwarz. With its secure communications and reconnaissance solutions, the technology group was able to win strategically important projects with authorities and customers in the government sector in the reporting period.
Supply chains that were strained due to the pandemic stabilized somewhat in the reporting period. In the past few years, the group’s high degree of vertical integration once again proved its worth. The Rohde & Schwarz production plants ensure flexibility, dependability, and reliable supply capability. The group reaffirmed its vertical integration strategy in the 2022/2023 fiscal year. In February, a groundbreaking ceremony took place at the Memmingen site for a state-of-the-art technology and production center with 18,000 square meters of floor space.
