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EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Preliminary Results/9 Month figures
FORTEC Elektronik AG: Turnover and results after 9 months below the level from the previous year
2024-05-22 / 08:13 CET/CEST
The issuer is solely responsible for the content of this announcement.
FORTEC Elektronik AG: Turnover and results after 9 months below the level from the previous year
. Group turnover provisionally estimated at EUR 70 million, around 11 % down on the previous year's level
(previous year: EUR 78.5 million)
. Group operating EBIT of EUR 5.6 million (previous year: EUR 8.5 million) currently around 33 % below the
previous year's level
. Order book as of 31 March 2024 remains stable at EUR 64.0 million (previous year: EUR 92.4 million, 31
December 2023: EUR 68.0 million)
. Forecast for the 2023/2024 financial year adjusted: 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 and 9.5 million
(previously: EUR 9.5 million to EUR 11.0 million) expected
As shown by the preliminary figures, FORTEC Elektronik AG was again able to achieve a positive result in the first nine
months of the current 2023/2024 financial year (01/07/2023 - 31/03/2024) even though the results are below the forecast
expectations, as it now apparent.
In the first nine months of the 2023/2024 financial year, the FORTEC Group achieved group turnover of around EUR 70
million (previous year: EUR 78.5 million) and was therefore around 11 % below the previous year's turnover. Earnings
before interest and taxes (EBIT), an important performance indicator, were currently around 33% below the previous
year's level at around EUR 5.6 million.
At EUR 64 million, the order backlog remains at a stable high level, but has returned to normal compared to the very
successful previous year.
The Board of Directors of FORTEC Elektronik AG has therefore decided to adjust the forecast for the current financial
year, as it is becoming apparent that the current 4th quarter of the 2023/2024 financial year will not be able to
compensate for the previous development in the 3rd quarter. It now expects a group turnover between 95.0 and 100.0
million EUR (previously: 106.0 million EUR to 116.0 million EUR) and a group EBIT between 7.0 million EUR and 9.5
million EUR (previously: 9.5 million EUR to 11.0 million EUR).
Sandra Maile, CEO of FORTEC Elektronik AG, comments: "Despite the measures taken in the second quarter, we are still
feeling the effects of the weak economy significantly. Due to the lack of dynamism, we were not able to successfully
implement everything that we had planned. Our customers are currently recording full warehouses and low demand. We
started 2024 with optimistic signs but numerous geopolitical challenges are currently affecting the sales markets. It
is therefore even more important that we use this time to push ahead with innovative products and to diversify
ourselves regionally even further."
Call invitation
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.
Further details on the current forecast will be announced by the management board during an earnings call today at
11:00. The link to register for this is available at Montega Connect - FORTEC Elektronik AG Q&A Session
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.
For better legibility, the generic masculine form is used in the text. Of course, all genders are referred to equally
without any intent to discriminate.





2024-05-22 CET/CEST Dissemination of a Corporate News, 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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Archive at www.eqs-news.com  
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: 1908157

End of News EQS News Service
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1908157 2024-05-22 CET/CEST

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END) Dow Jones Newswires

May 22, 2024 02:13 ET (06:13 GMT)