Viscom AG: Adjustment of the annual forecast for the 2024 financial year and
profit warning
EQS-Ad-hoc: Viscom AG / Key word(s): Profit Warning/Change in Forecast
Viscom AG: Adjustment of the annual forecast for the 2024 financial year and
profit warning
23-May-2024 / 15:57 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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Viscom AG: Adjustment of the annual forecast for the 2024 financial year and
profit warning
Hanover, 23 May 2024 - In a difficult market environment, Viscom AG (ISIN
DE0007846867) feels compelled to adjust its annual forecast for the 2024
financial year, which was last confirmed in the Viscom AG consolidated
quarterly financial report. This is the result of recent findings, in
particular the postponement of firmly planned orders and other negative
findings from the project business, in particular more specific sales
expectations for the second half of 2024. Looking ahead to the rest of the
year, it is becoming apparent that the German economy will not be able to
match the upturn in other industrialised countries. Signs of recovery are
more hesitant and weaker than originally anticipated, while uncertainty
regarding economic development in the second half of 2024 is increasing.
Against this backdrop, Viscom AG is adjusting its annual forecast for the
2024 financial year. Viscom AG now expects incoming orders and target
revenue of EUR 80 million to 95 million for the 2024 financial year (previous
forecast: EUR 100 million to 110 million). EBIT before special effects will be
slightly negative (previous forecast: EBIT of EUR 3.0 million to EUR 8.8
million, EBIT-Margin of 3 % to 8 %). The economic upheavals caused by the
reluctance to invest have a severe impact on predictability and therefore
lead to considerable forecasting uncertainty. Viscom AG will continue
short-time working at the Hanover site and enter into negotiations with the
Works Council on the necessary personnel measures to reduce costs.
Contact:
Viscom AG
Investor Relations
Sandra M. Liedtke
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-791
Fax: +49-511-94996-555
investor.relations@viscom.de
End of Inside Information
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Language: English
Company: Viscom AG
Carl-Buderus-Str. 9-15
30455 Hannover
Germany
Phone: +49 (0) 511 94 996 791
Fax: +49 (0) 511 94 996 555
E-mail: investor.relations@viscom.de
Internet: www.viscom.com
ISIN: DE0007846867
WKN: 784686
Listed: Regulated Market in Frankfurt (Prime Standard),
Hanover; Regulated Unofficial Market in Berlin,
Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1910063
End of Announcement EQS News Service
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1910063 23-May-2024 CET/CEST