FORTEC Elektronik Aktiengesellschaft
ISIN: DE0005774103
WKN: 577410
19 August 2024 09:00AM

EQS-News: According to preliminary figures, FORTEC Elektronik AG in the forecast target range for the 2023/2024 financial year

FORTEC Elektronik Aktiengesellschaft · ISIN: DE0005774103 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1970023

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Preliminary Results/Annual Results
According to preliminary figures, FORTEC Elektronik AG in the forecast target range for the 2023/2024 financial year

19.08.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


According to preliminary figures, FORTEC Elektronik AG
in the forecast target range for the 2023/2024
financial year

 
According to preliminary figures, FORTEC Elektronik AG delivered a solid result in the last financial year 2023/2024 despite the challenging environment.

In the 2023/2024 financial year (01/07/2023 - 30/06/2024), the FORTEC Group achieved a revenue of around EUR 95 million and is therefore around 11 % below the record value of EUR 105.9 million in the previous year. Earnings before interest and taxes (EBIT), an important success indicator was EUR 7 million, significantly below the record result of EUR 10.7 million from the previous year. The EBIT margin based on this decreased accordingly from 10.0 % to 7.4 %. The Group profit was in accordance with preliminary calculations as EUR 5.4 million (previous year: EUR 7.6 million).

FORTEC is therefore at the bottom end of the forecast range for the 2023/2024 financial year, as adjusted in May 2024. This expected a Group revenue of EUR 95 million to EUR 100 million and a Group EBIT of EUR 7 million to EUR 9.5 million.

The order book as of 30 June 2024 has normalised to a level of EUR 53.4 million (previous year: EUR 83.0 million).

Sandra Maile, CEO of FORTEC Elektronik AG, comments: “The continuing difficult conditions both in Germany and around the world took some of our momentum after the record figures in the previous year. But we were still able to develop our financial strength. We are therefore well equipped for the future and have already secured a package of measures and investments for the ongoing financial year, which will move us forward in the medium term. We cannot think in the short-term as a company in these unsure times in particular. FORTEC has now been successful in the market for 40 years, has been on the stock exchange since 1990 and has achieved reliable returns for its shareholders for many years. We want to continue to write this success story.”

The audited consolidated annual financial report will be available at https://www.fortecag.de/en/investor-relations/reports/ from 30 October 2024.

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.

 


19.08.2024 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.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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: 1970023

 
End of News EQS News Service

1970023  19.08.2024 CET/CEST

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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
  2019 2020 2021 2022 2023 2024e 2025e
Sales1 87,73 77,43 89,03 105,85 94,53 99,00 0,00
EBITDA1,2 8,43 7,05 10,06 12,86 8,80 9,45 0,00
EBITDA-Margin3 9,61 9,11 11,30 12,15 9,31 9,55 0,00
EBIT1,4 6,48 5,32 8,45 10,68 7,06 7,55 0,00
EBIT-Margin5 7,39 6,87 9,49 10,09 7,47 7,63 0,00
Net Profit (Loss)1 4,78 3,88 6,25 7,55 5,30 5,90 0,00
Net-Margin6 5,45 5,01 7,02 7,13 5,61 5,96 0,00
Cashflow1,7 3,58 10,18 2,11 5,01 13,21 9,60 0,00
Earnings per share8 1,47 1,19 1,92 2,32 1,63 1,82 1,94
Dividend per share8 0,60 0,60 0,70 0,85 0,85 0,85 0,90
Quelle: boersengefluester.de and Company information
Explanation

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: Rödl & Partner

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
Fortec Elektronik
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
577410 DE0005774103 AG 64,03 Mio € 07.05.1990 Kaufen 8FWH49R5+2J
* * *
PE 2026e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
8,91 12,54 0,71 12,44 1,17 4,66 0,68
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,85 0,85 0,85 4,31%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
13.02.2025 29.11.2024 27.03.2025 28.05.2025 30.10.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,51%
19,70 €
ATH 29,80 €
+4,84% -1,52% +7,65% -25,38% +477,95%

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