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BOOSTER Precision Components GmbH publishes consolidated financial statements for 2023: Record revenues and strong operational performance
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- Record revenues and strong operational performance in 2023
- Revenue growth of 17.5% compared to 2022
- Strategic diversification into emerging markets, focus on E-Mobility and Fuel Cell applications
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EQS-News: BOOSTER Precision Components GmbH / Key word(s): Annual Report/Annual Results |
BOOSTER Precision Components GmbH publishes consolidated financial statements for 2023: Record revenues and strong operational performance
- Revenue growth of 17.5% compared to 2022 significantly above forecast
- Improved EBITDA at EUR 21.3 million (2022: EUR 19.5 million)
- Strong order intake of EUR 128 million with 20% accounting for non-combustion products
Frankfurt a. M., 30 April 2024 – BOOSTER Precision Components GmbH (Bond; ISIN NO0012713520) today published its consolidated financial statements for the financial year 2023.
Revenue increased by 17.5% from EUR 156.2 million in the previous year to a total of EUR 183.6 million in the fiscal year 2023, which is significantly above the forecast. The company’s EBITDA grew by 9% compared to 2022 to EUR 21.3 million (2022: EUR 19.5 million). The EBITDA margin went down from 12.4% in the previous year to 11.6% in 2023, which is essentially due to product mix effects as well as to start-up costs for the launch of a large-scale project in China. As a result of higher-than-planned depreciation and significantly Increased interest rates, the consolidated net profit of EUR 1.1 million remained below the previous year’s net profit of EUR 2.1 million.
With regard to the balance sheet as at 31 December 2023, the increase in inventories and receivables compared to the previous year resulted from the significant rise in revenues in the year 2023. Current assets therefore went up from EUR 65.5 million in the previous year to EUR 69.9 million as at 31 December 2023. As a result, total assets increased from EUR 107.2 million to EUR 114.8 million as per 31 December 2023. Equity capital rose by 14.6% to EUR 14.8 million as of 31 December 2023 compared to EUR 12.9 million at the end of 2022.
Revenue increased by 17.5% from EUR 156.2 million in the previous year to a total of EUR 183.6 million in the fiscal year 2023, which is significantly above the forecast. The company’s EBITDA grew by 9% compared to 2022 to EUR 21.3 million (2022: EUR 19.5 million). The EBITDA margin went down from 12.4% in the previous year to 11.6% in 2023, which is essentially due to product mix effects as well as to start-up costs for the launch of a large-scale project in China. As a result of higher-than-planned depreciation and significantly Increased interest rates, the consolidated net profit of EUR 1.1 million remained below the previous year’s net profit of EUR 2.1 million.
With regard to the balance sheet as at 31 December 2023, the increase in inventories and receivables compared to the previous year resulted from the significant rise in revenues in the year 2023. Current assets therefore went up from EUR 65.5 million in the previous year to EUR 69.9 million as at 31 December 2023. As a result, total assets increased from EUR 107.2 million to EUR 114.8 million as per 31 December 2023. Equity capital rose by 14.6% to EUR 14.8 million as of 31 December 2023 compared to EUR 12.9 million at the end of 2022.
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