Rohde & Schwarz reports successful fiscal year with revenue growth
Technology group Rohde & Schwarz closed its 2023/2024 fiscal year with a 5.3% increase in revenue to EUR 2.93 billion. Incoming orders saw a significant rise of 22.77%.
The Rohde & Schwarz technology group concluded its 2023/2024 fiscal year successfully amidst a dynamic market environment. The company reported a revenue increase of 5.3% to EUR 2.93 billion, with incoming orders exceeding expectations by 22.77%, reaching EUR 3.87 billion.
The group's three divisions—Test & Measurement, Technology Systems, and Networks & Cybersecurity—navigated current challenges. This performance reflects the company's ability to thrive in a fluctuating economic and geopolitical landscape and maintain technological and digital sovereignty for its customers.
Rohde & Schwarz continues to invest heavily in research and development, allocating 15 to 20 percent of its revenue annually. As of June 30, 2024, the global workforce grew to over 14,400 employees. The company emphasizes its vertical integration to ensure resilience and reliable supply chains against external influences.
In test and measurement, the business remained generally stable due to a diversified portfolio, despite a downturn in wireless communications. Demand for research into future technologies like Beyond 5G, 6G, AI, and quantum technologies contributed positively. The automotive sector saw demand for solutions in driver assistance systems, including radar sensors. The aerospace and defense sectors also experienced strong demand for test solutions for radar and satellite applications.