FORTEC Elektronik Aktiengesellschaft
ISIN: DE0005774103
WKN: 577410
26 July 2024 08:11AM

EQS-News: FORTEC Group values continuity and reliability: Early contract extension for CEO Sandra Maile

FORTEC Elektronik Aktiengesellschaft · ISIN: DE0005774103 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1951793

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Contract/Miscellaneous
FORTEC Group values continuity and reliability: Early contract extension for CEO Sandra Maile

26.07.2024 / 08:11 CET/CEST
The issuer is solely responsible for the content of this announcement.


FORTEC Group values continuity and reliability: Early contract extension for CEO Sandra Maile

 

The Supervisory Board at FORTEC Elektronik AG has extended the contract with Chair of the Executive Board Sandra Maile early. The business school graduate who has led FORTEC since 2017 will remain at the head of the company for another five years from 2025.

With this unanimous decision, the Supervisory Board emphasises the importance of continuity and reliability at management level, particularly in these times of transformation and external changes.

“Fortec Elektronik AG with Sandra Maile at the top has achieved the relevant prerequisites to prepare the Group for the future in recent years. And now it's time to take the next big step, particularly in these economically challenging times: successfully and consistently implementing the new STRONG TOGETHER 2030 strategy that was developed in the new management board team. We value continuity and reliability for this”, comments Christoph Schubert, Chair of the Supervisory Board and also highlights Sandra Maile's personal commitment to the company.

 

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.



26.07.2024 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.
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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: 1951793

 
End of News EQS News Service

1951793  26.07.2024 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
  2018 2019 2020 2021 2022 2023 2024e
Sales1 88,31 87,73 77,43 89,03 105,85 94,53 99,00
EBITDA1,2 6,10 8,43 7,05 10,06 12,86 8,80 9,45
EBITDA-Margin3 6,91 9,61 9,11 11,30 12,15 9,31 9,55
EBIT1,4 7,45 6,48 5,32 8,45 10,68 7,06 7,55
EBIT-Margin5 8,44 7,39 6,87 9,49 10,09 7,47 7,63
Net Profit (Loss)1 5,69 4,78 3,88 6,25 7,55 5,30 5,90
Net-Margin6 6,44 5,45 5,01 7,02 7,13 5,61 5,96
Cashflow1,7 3,96 3,58 10,18 2,11 5,01 13,21 9,60
Earnings per share8 1,75 1,47 1,19 1,92 2,32 1,63 1,82
Dividend per share8 0,70 0,60 0,60 0,70 0,85 0,85 0,85
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 59,16 Mio € 07.05.1990 Kaufen 8FWH49R5+2J
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
9,38 12,76 0,74 11,49 1,08 4,30 0,63
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,85 0,85 0,85 4,67%
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)
-1,62%
18,20 €
ATH 29,80 €
-3,39% -9,55% -24,17% -23,53% +433,94%

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