on DATA MODUL AG (isin : DE0005498901)
DATA MODUL Faces Decline in Fiscal Year 2024
DATA MODUL, a German company specializing in electronic systems, reported a significant decrease in financial performance for the fiscal year 2024. Sales dropped by 20.1% to EUR 226.2 million, while incoming orders declined by 20.6% to EUR 201.4 million. The earnings before interest and taxes (EBIT) fell by 58.2% to EUR 9.3 million, aligning with the company's adjusted forecast from October 2024.
The fourth quarter saw sales plummet by 24.5% compared to the previous year. Despite the challenges, the high export ratio was maintained at 52.7%, showcasing the company's continued international focus. The order backlog also decreased by 12.9% to EUR 141.3 million.
Looking ahead, 2025 is expected to be a transitional year. DATA MODUL plans to focus on new business opportunities and cost-reduction strategies amid a challenging economic environment.
R. H.
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