EQS-Adhoc: FRIWO AG: FRIWO adjusts forecast for 2024 due to continued weak demand - cost efficiency measures take effect
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EQS-Ad-hoc: FRIWO AG / Key word(s): Forecast/Change in Forecast FRIWO adjusts forecast for 2024 due to continued weak demand - cost efficiency measures take effect Ostbevern, 22 October 2024 – FRIWO - an international manufacturer of technically leading chargers and e-drive solutions - has to adjust its annual forecast for 2024 downwards in view of the noticeable economic weakness. In particular, the continuing weakness in orders for e-mobility and tools in Europe has meant that the order situation as at 30 September 2024 has hardly changed compared to the half-year figures and the recovery in demand originally expected for the second half of the year, particularly in the final quarter of the year, has failed to materialise. Against this backdrop, the Executive Board now expects full-year sales of between EUR 90 and 95 million. Previously, FRIWO had anticipated sales of between EUR 100 and 120 million. In contrast, the extensive cost efficiency measures introduced by FRIWO and the easing of material and energy costs are having a noticeably positive impact. Therefore the shortfall in revenues expected for the year as a whole will only lead to a slight adjustment of the earnings targets for the 2024 financial year. Instead of the previously forecast, roughly balanced Group EBIT (earnings before interest and taxes), a small EBIT loss is now expected. FRIWO continues to see a fundamentally positive trend in demand for its products and a return to sustainably profitable growth from 2025. FRIWO AG will publish its quarterly statement for the first nine months of the 2024 financial year as planned on 7 November 2024. Contact Investor Relations and Media FRIWO AG Peter Dietz
End of Inside Information
22-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | FRIWO AG |
| Von-Liebig-Straße 11 | |
| 48346 Ostbevern | |
| Germany | |
| Phone: | +49 (0)2532 81-0 |
| Fax: | +49 (0)2532 81-129 |
| E-mail: | ir@friwo.com |
| Internet: | www.friwo.com/de/about/investor-relations/ |
| ISIN: | DE0006201106 |
| WKN: | 620110 |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard); Regulated Unofficial Market in Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2013849 |
| End of Announcement | EQS News Service |
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2013849 22-Oct-2024 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 | 120,53 | 95,76 | 99,36 | 100,55 | 184,87 | 111,08 | 92,00 | |
| EBITDA1,2 | 10,79 | -11,25 | 0,40 | -4,09 | 8,72 | -2,51 | 1,20 | |
| EBITDA-Margin3 | 8,95 | -11,75 | 0,40 | -4,07 | 4,72 | -2,26 | 1,30 | |
| EBIT1,4 | 7,53 | -15,60 | -3,85 | -7,97 | 4,31 | -7,37 | -3,60 | |
| EBIT-Margin5 | 6,25 | -16,29 | -3,88 | -7,93 | 2,33 | -6,64 | -3,91 | |
| Net Profit (Loss)1 | 5,33 | -11,33 | -5,51 | -10,55 | 0,51 | -11,08 | -5,60 | |
| Net-Margin6 | 4,42 | -11,83 | -5,55 | -10,49 | 0,28 | -9,98 | -6,09 | |
| Cashflow1,7 | 2,04 | 1,47 | -3,10 | -17,74 | -2,81 | 4,16 | 0,00 | |
| Earnings per share8 | 0,69 | -1,47 | -0,72 | -1,37 | 0,06 | -1,29 | -0,65 | |
| Dividend per share8 | 0,40 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
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 | ||||||
| Friwo | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 620110 | DE0006201106 | AG | 188,20 Mio € | 08.09.1977 | Halten | 9F492VQ2+MQ |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 23,16 | 32,38 | 0,72 | -82,71 | 14,77 | 45,26 | 1,69 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 05.06.2025 | 08.05.2025 | 14.08.2025 | 07.11.2024 | 24.04.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -5,06% | -12,04% | -26,17% | -20,86% | +0,00% |
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