EQS-Adhoc: edding Aktiengesellschaft: Net loss expected in edding AG's individual financial statements
|
EQS-Ad-hoc: edding Aktiengesellschaft / Key word(s): Profit Warning/Change in Forecast Latest published guidance for the consolidated financial statements confirmed Positive results expected again for 2024 financial year In an ad hoc announcement on 4 July 2023, it was announced that for the first time in edding’s history the edding Group will report a net loss for 2023 financial year in the consolidated financial statements due to a one-off effect related to the sale of edding Argentina. A net loss is now also expected for the 2023 financial year in the individual financial statements of edding Aktiengesellschaft in accordance with the German Commercial Code (HGB). The respective forecast corridor of EUR -0.5 to 1.5 million defined in the above-mentioned ad hoc announcement is changed to EUR -4.5 to -2.5 million. The change is due to the valuation of shares in affiliated companies and intercompany receivables. Due to the rise in local interest rates, market values have fallen significantly. This primarily affects our subsidiaries in Turkey and Colombia, which are financed to a large extent by local loans in order to avoid exchange rate losses. In both countries, interest rates have recently risen significantly due to inflation - in Turkey even more so due to a turnaround in central bank policy. However, the operating result (EBIT) of both companies have improved significantly in 2023 compared to last year. In the consolidated financial statements in accordance with IFRS, sales revenue in the range of EUR 161.0 million to EUR 176.0 million and Group EBIT in accordance with IFRS of between EUR -4.0 million and EUR -1.0 million are still expected for 2023. Positive results in the consolidated and individual financial statements are expected again for 2024. The forecast corridors for 2024 will most probably be published at the end of March together with the preliminary results of the 2023 annual financial statements. About edding AG: Founded in Hamburg in 1960, the company generated Group sales revenues of EUR 159.2 million in 2022 with an annual average of 735 employees. Under the edding, Legamaster and Playroom brands, the company offers long-lasting, high-quality products and solutions for private and commercial use. The portfolio includes markers and writing instruments, visual communication products such as flipcharts, whiteboards and e-screens, innovative digital applications as well as tattoo ink. The company's fundamental values embrace responsibility towards the environment and society. edding wants to empower people to express their personality, ideas and thoughts and make them visible on a wide variety of surfaces. Explanation of EBIT as an alternative performance indicator: EBIT is the abbreviation for “earnings before interest and taxes”. Total output less cost of materials, personnel expenses and depreciation and amortisation (including rights of use within the meaning of IFRS 16), plus other operating income and less other operating expenses. EBIT is the most important key figure for profitability management in the edding Group. No adjustment has been made for any extraordinary income or expenses. Ahrensburg, 19 December 2023 edding Aktiengesellschaft The Management Board ____________________________
Contact: edding AG, Sönke Gooss (CFO) Bookkoppel 7, 22926 Ahrensburg Tel. 04102/808-200, Fax 04102/808-204 e-Mail: investor@edding.de
End of Inside Information
19-Dec-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | edding Aktiengesellschaft |
| Bookkoppel 7 | |
| 22926 Ahrensburg | |
| Germany | |
| Phone: | +49 (0)4102 8080 |
| Fax: | +49 (0)4102 808 204 |
| E-mail: | info@edding.de |
| Internet: | www.edding.de |
| ISIN: | DE0005647937, DE0005647903 |
| WKN: | 564793, 564790 |
| Listed: | Regulated Market in Hamburg; Regulated Unofficial Market in Berlin, Frankfurt |
| EQS News ID: | 1800463 |
| End of Announcement | EQS News Service |
|
|
1800463 19-Dec-2023 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 140,99 | 141,79 | 125,75 | 148,60 | 159,22 | 160,79 | 164,00 | |
| EBITDA1,2 | 15,76 | 14,57 | 12,83 | 15,18 | 9,66 | 4,58 | 9,50 | |
| EBITDA-Margin3 | 11,18 | 10,28 | 10,20 | 10,22 | 6,07 | 2,85 | 5,79 | |
| EBIT1,4 | 13,13 | 9,71 | 8,12 | 6,89 | 4,03 | -2,45 | 2,40 | |
| EBIT-Margin5 | 9,31 | 6,85 | 6,46 | 4,64 | 2,53 | -1,52 | 1,46 | |
| Net Profit (Loss)1 | 6,77 | 5,98 | 5,29 | 1,83 | 0,52 | -4,71 | 0,60 | |
| Net-Margin6 | 4,80 | 4,22 | 4,21 | 1,23 | 0,33 | -2,93 | 0,37 | |
| Cashflow1,7 | 9,49 | 3,91 | 4,36 | 2,24 | 7,10 | 11,22 | 0,00 | |
| Earnings per share8 | 8,52 | 6,12 | 5,44 | 2,04 | 1,04 | -3,86 | 1,30 | |
| Dividend per share8 | 2,45 | 1,23 | 1,84 | 1,84 | 1,02 | 0,51 | 0,51 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Baker Tilly
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Edding VZ | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 564793 | DE0005647937 | AG | 39,07 Mio € | 29.10.1986 | Halten | 9F5GM7R5+P3 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 13,21 | 19,18 | 0,69 | 8,35 | 0,59 | 3,48 | 0,24 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 1,02 | 0,51 | 0,51 | 1,38% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 05.06.2024 | 31.07.2024 | 12.04.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -4,60% | -1,18% | -17,78% | -15,91% | +60,87% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
Contact
