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02.07.2024 16:21:13 - dpa-AFX: EQS-Adhoc: SLR Group GmbH: Revenue and Adjusted EBITDA for Fiscal Year 2023/2024 Expected to be Significantly Lower Than Anticipated (english)
SLR Group GmbH: Revenue and Adjusted EBITDA for Fiscal Year 2023/2024
Expected to be Significantly Lower Than Anticipated
EQS-Ad-hoc: SLR Group GmbH / Key word(s): Change in Forecast
SLR Group GmbH: Revenue and Adjusted EBITDA for Fiscal Year 2023/2024
Expected to be Significantly Lower Than Anticipated
02-Jul-2024 / 16:20 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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SLR Group GmbH: Revenue and Adjusted EBITDA for Fiscal Year 2023/2024
Expected to be Significantly Lower Than Anticipated
St. Leon-Rot, July 2, 2024: SLR Group GmbH, a leading provider of
high-quality ductile iron components, is revising its forecast for revenue
and adjusted EBITDA for the fiscal year 2023/2024 downward in light of an
increasingly challenging market environment. The revenue drop was caused on
one hand by significant declines in customer demand in the Off-Highway
segment, particularly in the agricultural sector. On the other hand,
inventory reductions on the customer side are affecting revenue development.
In this market environment SLR Group GmbH now expects revenue in the range
of EUR 236 to 238 million and an adjusted EBITDA in the range of EUR 22 to
24 million for the fiscal year 2023/2024. Adjusted EBITDA margin will remain
at 9 to 10%. Prior forecast was at a revenue of EUR 246 million and an
adjusted EBITDA of EUR 27 million.
The company will publish its full annual financial statements for the fiscal
year 2023/2024 on October 30, 2024.
IR contact:
Gunnar Halden
CFO SLR Group
E-mail: IR@slrgroup.com
Web: www.slr-gruppe.de
End of Inside Information
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02-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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End of Announcement EQS News Service
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1938083 02-Jul-2024 CET/CEST
Expected to be Significantly Lower Than Anticipated
EQS-Ad-hoc: SLR Group GmbH / Key word(s): Change in Forecast
SLR Group GmbH: Revenue and Adjusted EBITDA for Fiscal Year 2023/2024
Expected to be Significantly Lower Than Anticipated
02-Jul-2024 / 16:20 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.
---------------------------------------------------------------------------
SLR Group GmbH: Revenue and Adjusted EBITDA for Fiscal Year 2023/2024
Expected to be Significantly Lower Than Anticipated
St. Leon-Rot, July 2, 2024: SLR Group GmbH, a leading provider of
high-quality ductile iron components, is revising its forecast for revenue
and adjusted EBITDA for the fiscal year 2023/2024 downward in light of an
increasingly challenging market environment. The revenue drop was caused on
one hand by significant declines in customer demand in the Off-Highway
segment, particularly in the agricultural sector. On the other hand,
inventory reductions on the customer side are affecting revenue development.
In this market environment SLR Group GmbH now expects revenue in the range
of EUR 236 to 238 million and an adjusted EBITDA in the range of EUR 22 to
24 million for the fiscal year 2023/2024. Adjusted EBITDA margin will remain
at 9 to 10%. Prior forecast was at a revenue of EUR 246 million and an
adjusted EBITDA of EUR 27 million.
The company will publish its full annual financial statements for the fiscal
year 2023/2024 on October 30, 2024.
IR contact:
Gunnar Halden
CFO SLR Group
E-mail: IR@slrgroup.com
Web: www.slr-gruppe.de
End of Inside Information
---------------------------------------------------------------------------
02-Jul-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: SLR Group GmbH
Am Bahnhof 16
68789 St. Leon-Rot
Germany
Internet: www.slr-gruppe.de
ISIN: NO0013177949
WKN: A383DP
Listed: Regulated Unofficial Market in Berlin, Frankfurt
EQS News ID: 1938083
End of Announcement EQS News Service
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1938083 02-Jul-2024 CET/CEST
