EQS-News

DATA MODUL able to confirm high sales level in fiscal year 2023 despite fierce cost pressure

EQS-News: DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen / Key word(s): Annual Results DATA MODUL able to confirm high sales level in fiscal year 2023 despite fierce cost pressure 22.03.2024 / 08:24 CET/CEST The issuer is solely responsible for the content of this announcement.

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• Slight sales growth to EUR 283.2 million (2.6%)
• Decline in incoming orders to EUR 253.6 million (-16.0%)
• EBIT for the fiscal year reaches EUR 22.3 million (-17.9%)

Munich, 22 March 2024 - DATA MODUL closed a challenging fiscal year 2023 in a persistently difficult economic market situation with a slight increase in sales and a simultaneous decline in incoming orders. In the fourth quarter, DATA MODUL generated sales of 71.4 million euros (previous year: 71.5 million euros), which was 0.1% higher than in the same quarter of the previous year. Group sales for the full year 2023 increased by 2.6% and totalled 283.2 million euros (previous year: 276.1 million euros). The high export ratio of 54.0% (previous year: 55.5%) was largely maintained and reflects the group's strategy of internationalisation. The group's EBIT totalled, burdened by an increased cost level, EUR 5.0 million (previous year: EUR 7.2 million) in the fourth quarter and EUR 22.3 million for the fiscal year as a whole (previous year: EUR 27.1 million). The EBIT margin for the year as a whole was therefore 7.9% (previous year: 9.8%). Incoming orders in the fourth quarter totalled € 44.1 million (previous year: € 65.1 million), resulting in a total value for the 2023 fiscal year of € 253.6 million, which is 16.0% below the previous year's figure of € 301.8 million. The order backlog fell by 17.7% year-on-year to € 162.2 million (previous year: € 197.1 million) as at the reporting date.

Group key figures
 

In TEUR		2023		2022		Change
Turnover		283,235		276,053		2.6%
Incoming orders		253,581		301,808		-16.0%
Order backlog		162,155		197,057		-17.7%
EBIT		22,296		27,149		-17.9%
EBIT return		7.9%		9.8%		-19.4%
Net income for the year		14,487		18,367		-21.1%
Earnings per share (in EUR)		4.11		5.21		-21.1%
Investments		8,952		3,370		165.6%
Employees (annual average)		525		488		7.6%