FORTEC Elektronik AG Reports 2023/2024 Financial Performance

FORTEC Elektronik AG has published its financial results for the 2023/2024 year, showing a group turnover of EUR 94.5 million, a decrease of 11% compared to the previous year's EUR 105.9 million. The Group EBIT decreased to EUR 7.1 million, though it remains within the forecasted range. A dividend of EUR 0.85 per share is recommended, matching last year's amount.

The data visualization segment earned EUR 56.7 million, though it saw a reduction from the previous EUR 68.0 million, while the power supplies segment remained stable at EUR 37.8 million. Despite ongoing global challenges, CEO Sandra Maile highlighted FORTEC's “Strong Together 2030” strategy as pivotal for future preparedness.

Looking forward, the management anticipates a group turnover of EUR 95 to 110 million and a Group EBIT of EUR 6 to 8 million in 2024/2025, contingent on macroeconomic factors. A book-to-bill ratio of 1.3 and an order backlog of EUR 57.2 million suggest recovery prospects.