EQS-Adhoc: STRATEC POSTS PRELIMINARY RESULTS FOR FIRST NINE MONTHS OF 2024: TARGET CORRIDOR FOR ADJUSTED EBIT MARGIN CONFIRMED WITH ADJUSTMENT TO 2024 SALES GUIDANCE
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EQS-Ad-hoc: STRATEC SE / Key word(s): Preliminary Results/Change in Forecast STRATEC POSTS PRELIMINARY RESULTS FOR FIRST NINE MONTHS OF 2024; TARGET CORRIDOR FOR ADJUSTED EBIT MARGIN CONFIRMED WITH ADJUSTMENT TO 2024 SALES GUIDANCE Birkenfeld, October 17, 2024 Based on preliminary figures, STRATEC generated consolidated sales of € 176.3 million in the first nine months of 2024 (9M/2023: € 187.7 million). Its sales performance in the third quarter of 2024 therefore fell short of expectations. This is mainly due to deliveries being postponed to the fourth quarter of 2024 and the 2025 financial year respectively. Despite negative scale effects and the product mix still not being optimal, STRATEC managed to achieve a level of profitability consistent with the targeted pathway needed to meet its full-year margin guidance for 2024. Based on preliminary calculations, the adjusted EBIT margin for the first nine months of 2024 will amount to 8.4% and thus almost match the previous year’s level (adjusted EBIT margin 9M/2023: 8.6%). In this respect, the margin has benefited in particular from the earnings enhancement measures initiated eighteen months ago and since continually extended, as well as from the associated early steps to adjust capacities in line with the current market situation. Furthermore, STRATEC is shortly due to sign further additional orders with customers, most of which were not included in the original financial guidance for 2024. As a result, sales and earnings are expected to improve significantly in the fourth quarter of 2024 compared with the first nine months of 2024. STRATEC accordingly expects to be able to make up for most of the shortfall in sales by the end of the year. Given the ongoing volatility in the market climate, STRATEC’s Board of Management has therefore decided to slightly adjust its sales guidance for 2024. STRATEC now expects its constant-currency sales to remain stable or decline slightly compared with the previous year (previously: constant-currency sales to remain stable or rise slightly). By contrast, the 2024 guidance for the adjusted EBIT margin has been confirmed at around 10.0% to 12.0%. STRATEC will publish its final figures and its Quarterly Statement for the first nine months of 2024 as planned on October 25, 2024. FURTHER INFORMATION IS AVAILABLE FROM: End of Inside Information
17-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | STRATEC SE |
| Gewerbestr. 37 | |
| 75217 Birkenfeld | |
| Germany | |
| Phone: | +49 (0)7082 7916 0 |
| Fax: | +49 (0)7082 7916 999 |
| E-mail: | info@stratec.com |
| Internet: | www.stratec.com |
| ISIN: | DE000STRA555 |
| WKN: | STRA55 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2010991 |
| End of Announcement | EQS News Service |
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2010991 17-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 | 187,82 | 214,16 | 250,10 | 287,34 | 274,63 | 261,91 | 265,00 | |
| EBITDA1,2 | 35,53 | 35,60 | 56,27 | 66,43 | 58,07 | 40,08 | 42,00 | |
| EBITDA-Margin3 | 18,92 | 16,62 | 22,50 | 23,12 | 21,15 | 15,30 | 15,85 | |
| EBIT1,4 | 15,01 | 17,19 | 33,68 | 48,18 | 41,14 | 22,39 | 25,00 | |
| EBIT-Margin5 | 7,99 | 8,03 | 13,47 | 16,77 | 14,98 | 8,55 | 9,43 | |
| Net Profit (Loss)1 | 8,97 | 14,41 | 25,18 | 39,96 | 29,22 | 13,07 | 14,50 | |
| Net-Margin6 | 4,78 | 6,73 | 10,07 | 13,91 | 10,64 | 4,99 | 5,47 | |
| Cashflow1,7 | 11,95 | 21,26 | 31,85 | 63,47 | 10,28 | 19,43 | 0,00 | |
| Earnings per share8 | 0,75 | 1,20 | 2,07 | 3,28 | 2,41 | 1,07 | 1,20 | |
| Dividend per share8 | 0,82 | 0,84 | 0,90 | 0,95 | 0,97 | 0,55 | 0,70 | |
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: RSM Ebner Stolz
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 | ||||||
| Stratec | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| STRA55 | DE000STRA555 | SE | 352,58 Mio € | 25.08.1998 | Halten | 8FWCVH7J+C5 |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 17,06 | 33,24 | 0,51 | 16,40 | 1,56 | 18,15 | 1,35 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,97 | 0,55 | 0,70 | 2,41% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 23.05.2025 | 09.05.2025 | 19.08.2025 | 25.10.2024 | 27.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -15,93% | -28,24% | -36,33% | -32,56% | +883,05% |
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