FEV Fortec Electronik Vertriebs AG

EQS-News: FORTEC Elektronik AG starts the new 2024/2025 financial year with the expected weak first quarter - order backlog develops positively

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Quarter Results/Quarterly / Interim Statement
FORTEC Elektronik AG starts the new 2024/2025 financial year with the expected weak first quarter - order backlog develops positively

29.11.2024 / 08:04 CET/CEST
The issuer is solely responsible for the content of this announcement.


FORTEC Elektronik AG starts the new 2024/2025 financial year with the expected weak first quarter - order backlog develops positively
 

  • Group turnover of EUR 17.5 million in Q1 2024/2025 around 34 % below the previous year's level (EUR 26.6 million)
  • Group EBIT reduced significantly to EUR – 0.2 million (previous year: EUR 3.5 million)
  • Order backlog increases to EUR 57.2 million (30 June 2024: EUR 53.4 million)
  • Full-year forecast 2024/2025 confirmed

 

FORTEC Elektronik AG is today publishing the announcement for the first quarter of the 2024/2025 financial year (reporting period: 01 July 2024 - 30 September 2024), which is available on the company's website ().

At EUR 17.5 million (previous year: EUR 26.6 million), Group sales were significantly below the previous year's record level due to the ongoing local and geopolitical challenges. Earnings before interest and taxes (EBIT), an important performance indicator, were negative at EUR -0.2 million (previous year: EUR 3.5 million) due to lower sales and unchanged fixed costs.  In comparison to 30 June 2024, the order backlog increased from EUR 53.4 million to EUR 57.2 million. For the 2024/2025 financial year, the Executive Board is continuing to expect consolidated sales of EUR 95.0 million to EUR 110.0 million and consolidated EBIT of EUR 6.0 million to EUR 8.0 million.

Sandra Maile, CEO of FORTEC Elektronik AG, comments: “As expected, the first quarter of the 2024/2025 financial year turned out somewhat weaker than the record Q1 of the previous year due to the current general conditions and the deliveries that were pulled forward to the end of the past financial year. However, the slightly increased order book that we currently have gives us confidence in the future.”

 

Sandra Maile

Chair of the Management Board

 

FORTEC Elektronik AG | Augsburger Str. 2b | 82110 Germering | Germany
Phone: 32

|

FORTEC Elektronik AG (ISIN Share: DE 0005774103, 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.



29.11.2024 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.
Archive at -news.com


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:
Internet:
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: 2039663

 
End of News EQS News Service

2039663  29.11.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2039663&application_name=news&site_id=research_pool~~~9efe1c65-8ece-4ff7-9608-f21c8e0a38a3
EN
29/11/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fortec Electronik Vertriebs AG

 PRESS RELEASE

EQS-News: FORTEC Elektronik AG confirms preliminary results for the fi...

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Half Year Report/Quarter Results FORTEC Elektronik AG confirms preliminary results for the first half of the 2024/2025 financial year 27.03.2025 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. FORTEC Elektronik AG confirms preliminary results for the first half of the 2024/2025 financial year   Group turnover of EUR 35.6 million below the previous year’s level (previous year: EUR 47.0 million) Group EBIT of EUR 0.2 million reduced significantly (previous year: EUR 4.5 mi...

 PRESS RELEASE

EQS-News: FORTEC Elektronik AG bestätigt vorläufige Ergebnisse für das...

EQS-News: FORTEC Elektronik Aktiengesellschaft / Schlagwort(e): Halbjahresbericht/Quartalsergebnis FORTEC Elektronik AG bestätigt vorläufige Ergebnisse für das erste Halbjahr des Geschäftsjahres 2024/2025 27.03.2025 / 09:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. FORTEC Elektronik AG bestätigt vorläufige Ergebnisse für das erste Halbjahr des Geschäftsjahres 2024/2025   Konzernumsatz mit 35,6 Mio. EUR unter Vorjahresniveau (VJ: 47,0 Mio. EUR) Konzern-EBIT mit 0,2 Mio. EUR deutlich reduziert  (VJ: 4,5 Mio. EUR) Auftragsbestand ...

 PRESS RELEASE

EQS-News: FORTEC Elektronik AG: Umsatz- und Ergebniszahlen nach 6 Mon...

EQS-News: FORTEC Elektronik Aktiengesellschaft / Schlagwort(e): Vorläufiges Ergebnis/Prognoseänderung FORTEC Elektronik AG: Umsatz- und Ergebniszahlen nach 6 Monaten unter Vorjahresniveau 07.02.2025 / 09:14 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. FORTEC Elektronik AG: Umsatz- und Ergebniszahlen nach 6 Monaten unter Vorjahresniveau Konzernumsatz mit 36 Mio. EUR rund 23 % unter Vorjahresniveau (VJ: 47,0 Mio. EUR) Operatives Konzern-EBIT mit 0,2 Mio. EUR (VJ: 4,5 Mio. EUR) deutlich unter Vorjahreswert Auftragsbestand zum 31....

 PRESS RELEASE

EQS-News: FORTEC Elektronik AG: Turnover and results after 6 months b...

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Preliminary Results/Change in Forecast FORTEC Elektronik AG: Turnover and results after 6 months below the level from the previous year 07.02.2025 / 09:14 CET/CEST The issuer is solely responsible for the content of this announcement. FORTEC Elektronik AG: Turnover and results after 6 months below the level from the previous year Group turnover of EUR 36 million around 23 % below the previous year’s level (previous year: EUR 47.0 million) Group operating EBIT of EUR 0.2 million (previous year: EUR 4.5 milli...

 PRESS RELEASE

EQS-News: FORTEC Elektronik AG startet erwartungsgemäß mit schwächere...

EQS-News: FORTEC Elektronik Aktiengesellschaft / Schlagwort(e): Quartalsergebnis/Quartals-/Zwischenmitteilung FORTEC Elektronik AG startet erwartungsgemäß mit schwächerem erstem Quartal ins neue Geschäftsjahr 2024/2025 - Auftragsbestand entwickelt sich positiv 29.11.2024 / 08:04 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. FORTEC Elektronik AG startet erwartungsgemäß mit schwächerem erstem Quartal ins neue Geschäftsjahr 2024/2025 - Auftragsbestand entwickelt sich positiv   Konzernumsatz in Q1 2024/2025 mit 17,5 Mio. EUR rund 34 ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch