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.

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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

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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
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1908149 22-May-2024 CET/CEST