FORTEC Elektronik Aktiengesellschaft with dynamic business development in the first quarter 2022/2023

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarter Results
FORTEC Elektronik Aktiengesellschaft with dynamic business development in the first quarter 2022/2023
25.11.2022 / 08:08 CET/CEST
The issuer is solely responsible for the content of this announcement.

FORTEC Elektronik AG with dynamic business development in the first quarter 2022/2023

• Group turnover of EUR 25.0 million around 18 % above the previous year’s level (PY: EUR 21.2 million)
• Group operating EBIT of EUR 2.7 million (PY: EUR 2.2 million) rose again
• Order book as at 30 September 2022 increased significantly to EUR 99.0 million (PY: EUR 68.6 million)

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

In the first quarter of the current financial year, sales revenues increased by around 18 % from EUR 21.2 million in the previous year to EUR 25.0 million. Earnings before interest and taxes (EBIT) also rose significantly by around 23 % to EUR 2.7 million (PY: 2.2 million); whereby the EBIT margin based on the turnover achieved was able to be increased slightly from 10.6 % in the previous year to 10.9 %.

In the first three months, the net profit for the period increased by EUR 230,000 to around EUR 1.9 million compared to the previous year. Earnings per share rose from EUR 0.53 to EUR 0.60.

“We are recording a pleasing business development in both segments. Sales in the data visualisation segment with high-margin industrial monitors developed particularly dynamically in the first quarter,” comments Sandra Maile, CEO of FORTEC Elektronik AG.

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

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FORTEC Elektronik AG (ISIN Share: DE 0005774103, WKN: 577410), based in Germering, Germany, was founded in 1984 as an internationally active 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. As of 1 April 2020, the operational business was leased to two subsidiaries. As a holding company, FORTEC AG is now responsible for controlling the affiliated companies, the strategy of the group and essential parts of the administration. FORTEC AG has subsidiaries in Germany, Switzerland, the UK and the USA.

25.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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