EQS-News: DATA MODUL cannot maintain record results of previous years in fiscal year 2024

DATA MODUL cannot maintain record results of previous years in fiscal year 2024

• Sales down 20.1% year-on-year at EUR 226.2 million
• Incoming orders down 20.6% year-on-year at EUR 201.4 million
• EBIT of EUR 9.3 million 58.2% below the previous year's level
• Figures are in line with the adjusted annual forecast for 2024

Munich, 21 March 2025 - DATA MODUL closed the fiscal year 2024 with a decline in business in a challenging market environment. In this regard, the company had already adjusted its forecast for fiscal year 2024 in an ad hoc announcement on 18 October 2024.

In the fourth quarter, DATA MODUL generated sales of 53.9 million euros (previous year: 71.4 million euros), down 24.5% compared to the same quarter of the previous year. Group sales for the fiscal year 2024 therefore fell by 20.1% to 226.2 million euros (previous year: 283.2 million euros). The high export ratio of 52.7% (previous year: 54.0%) was largely maintained and reflects the Group's internationalisation strategy. The Group's EBIT totalled EUR 1.6 million (previous year: EUR 5.0 million) in the fourth quarter and EUR 9.3 million for the fiscal year 2024 (previous year: EUR 22.3 million). The slight increase in incoming orders for the fourth quarter to EUR 52.3 million (previous year: EUR 44.1 million) resulted in a total figure for the fiscal year 2024 of 201.4 million, which is 20.6% below the previous year's figure of EUR 253.6 million.

The incoming orders, sales and EBIT figures are in line with the adjusted forecast for the fiscal year 2024.

The order backlog fell by 12.9% year-on-year to EUR 141.3 million (previous year: EUR 162.2 million) as at the reporting date.

Group key figures

The Executive Board and Supervisory Board intend to propose to the Annual General Meeting the distribution of a dividend of EUR 0.75 per share for the fiscal year 2024.

Outlook

As a tough year of transition, the fiscal year 2025 will be characterized by an increased market focus on new business opportunities while at the same time taking rigorous measures to reduce costs. The uncertain global economic environment will make it difficult for DATA MODUL's key markets to recover in the short term. Assuming that the recession continues into the second half of the year, the Executive Board expects a slightly negative development of the key Group figures.