FORTEC Elektronik Aktiengesellschaf confirms the preliminary figures for the third quarter and is on target for another record year

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Quarter Results/9 Month figures
FORTEC Elektronik Aktiengesellschaf confirms the preliminary figures for the third quarter and is on target for another record year
25.05.2023 / 08:14 CET/CEST
The issuer is solely responsible for the content of this announcement.

FORTEC Elektronik AG confirms the preliminary figures

for the third quarter and is on target for another record year

• Group turnover of EUR 78.5 million around 19 % above the previous year’s level (PY: EUR 66.0 million)
• Group operating EBIT of EUR 8.5 million (PY: EUR 6.3 million) up by around 34 %
• Order book still high as of 31 March 2023, at EUR 92.4 million (PY: EUR 85.3 million)

FORTEC Elektronik AG is publishing an announcement regarding the third quarter of the 2022/2023 financial year today (01/07-30/06). This can be viewed by visiting the company’s website (https://www.fortecag.de/en/investor-relations/reports/).

In the first nine months of the current 2022/2023 financial year, sales revenues increased by around 19% from EUR 66.0 million in the previous year to EUR 78.5 million. Earnings before interest and taxes (EBIT) rose significantly by around 34 % to EUR 8.5 million (previous year: EUR 6.3 million), and the EBIT margin of 10.8 % (previous year: 9.6 %) therefore reached double figures.

The consolidated net profit grew in the first nine months of 2022/2023 by EUR 1.5 million to EUR 6.1 million. Earnings per share rose from EUR 1.43 in the previous year to EUR 1.87.

The order book on 31 March 2023 was EUR 92.4 million compared to EUR 85.3 million in the previous year and therefore remained at a high level.

In accordance with the forecast dated 8th May, the FORTEC Elektronik AG Management Board now expects a Group EBIT of EUR 10.0 to 11.0 million on a Group turnover of EUR 97.0 to 110.0 million for the current financial year.

Sandra Maile, CEO of FORTEC Elektronik AG: “The third quarter of the current 2022/2023 financial year was the best ever quarter in the company’s history, both in terms of turnover and EBIT. The positive development underlines the perfect combination of product mix, customer orders and delivery capability.”

Sandra Maile

Chair of the Management Board

FORTEC Elektronik AG | Augsburger Str. 2b | 82110 Germering | Germany
Phone: +49 89 894450 232

aktie(at)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.

25.05.2023 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