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EQS-Adhoc: FORTEC Elektronik Aktiengesellschaft: Adjustment to the turnover and earnings forecast for the 2023/2024 financial year
EQS-Ad-hoc: FORTEC Elektronik Aktiengesellschaft / Key word(s): Forecast/Change in Forecast
FORTEC Elektronik Aktiengesellschaft: Adjustment to the turnover and earnings forecast for the 2023/2024 financial year
22-May-2024 / 08:10 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.
FORTEC Elektronik AG: Adjustment to the turnover and earnings forecast for the 2023/2024 financial year
After evaluating the preliminary figures, FORTEC Elektronik AG has not reached the turnover and earnings figures from the previous year in the first 9 months of the 2023/2024 financial year due to the general tense economic circumstances and the general cost increases. In the 9-month period for 2023/2024, the preliminary group turnover was around EUR 70.0 million (previous year: EUR 78.5 million), and earnings before interest and taxes (EBIT) at around EUR 5.6 million (previous year: EUR 8.5 million).
As it has become apparent that the current 4th quarter of the 2023/2024 financial year cannot compensate for the declining development in the 3rd quarter, the FORTEC Elektronik AG management board has decided to adjust the forecast for the current financial year. It now expects a group turnover of between EUR 95.0 and 100.0 million (previously: EUR 106.0 million to EUR 116.0 million) and a group EBIT of between EUR 7.0 million and EUR 9.5 million (previously: EUR 9.5 million to EUR 11.0 million).
The announcement for the 3rd quarter of the 2023/2024 financial year will be published on the FORTEC Elektronik AG website at https://www.fortecag.de/en/investor-relations/reports/ on 29 May 2024.
Sandra Maile
Chair of the Management Board
FORTEC Elektronik AG | Augsburger Str. 2b | 82110 Germering | Germany
Phone: +49 89 894450 232
aktie@fortecag.de | www.fortecag.de
FORTEC Elektronik AG (ISIN Share: DE0005774103, WKN: 577410), based in Germering, Germany, was founded in 1984 as an international distributor of standard solutions in the field of power supplies, embedded systems and displays. In addition, the FORTEC Group today offers customer-specific developments and complete system developments. Since April 2020, FORTEC Elektronik AG has been the holding company responsible for management of the affiliated companies, group strategy and essential parts of the administration. FORTEC Elektronik AG has subsidiaries in Germany, Switzerland, the UK and the USA.
End of Inside Information
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| Language: | English |
| Company: | FORTEC Elektronik Aktiengesellschaft |
| Augsburger Str. 2b | |
| 82110 Germering | |
| Germany | |
| Phone: | +49 (0)89 89 44 50 0 |
| Fax: | +49 (0)89 89 44 50 123 |
| E-mail: | aktie@fortecag.de |
| Internet: | www.fortecag.de |
| ISIN: | DE0005774103 |
| WKN: | 577410 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1908149 |
| End of Announcement | EQS News Service |
1908149 22-May-2024 CET/CEST