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EQS-Adhoc: ENCAVIS AG: Preliminary KPIs for Q1/2024 are significantly lower than in the same quarter of the previous year, but approx. on target – Management Board confirms guidance for FY 2024

EQS-Ad-hoc: ENCAVIS AG / Key word(s): Quarterly / Interim Statement/Preliminary Results
ENCAVIS AG: Preliminary KPIs for Q1/2024 are significantly lower than in the same quarter of the previous year, but approx. on target – Management Board confirms guidance for FY 2024

03-May-2024 / 10:11 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014


Hamburg, 3rd May 2024 – The Management Board of MDAX-listed Encavis AG publishes today already preliminary Key Performance Indicators of the first quarter 2024:

Net revenue decrease of more than 12% compared to previous year to around EUR 86.6 million
(previous year: EUR 98.8 million)

Decrease of adjusted EBITDA*) of more than 24% compared to previous year to around EUR 48.5 million (previous year: EUR 64.3 million)

Decrease of adjusted EBIT*) of more than 48% compared to previous year to around EUR 18.2 million (previous year: EUR 35.3 million)

Adjusted Earnings Per Share*) (EPS) turns into the negative of around EUR –0.04
(previous year: EUR 0.09)

Decrease of operating cash flow of around 30% compared to previous year to around EUR 36.3 million (previous year: EUR 51.8 million)

All KPIs are significantly below last year‘s figures but roughly on planned level. Therefore the Management Board confirms the guidance for FY 2024.

*) Explanations and calculation of the adjusted operating earnings figures can be found in the Annual Report / Consolidated Financial Statements 2023 of Encavis AG beginning on page 17 and at page 37.

The Annual Report / Consolidated Financial Statements 2023 of Encavis AG are available at:
https://www.encavis.com/en/green-capital/investor-relations/financial-reports

 

Contact / Notifying Person:

Jörg Peters       
Head of Corporate Communications & IR

Tel.: + 49 40 37 85 62 242     
E-Mail: joerg.peters@encavis.com

Additional information can be found on www.encavis.com  

 



End of Inside Information

03-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language:English
Company:ENCAVIS AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone:+49 4037 85 62 -0
Fax:+49 4037 85 62 -129
E-mail:info@encavis.com
Internet:https://www.encavis.com
ISIN:DE0006095003
WKN:609500
Indices:MDAX
Listed:Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1895197

 
End of AnnouncementEQS News Service

1895197  03-May-2024 CET/CEST

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