Phoenix Mecano Revises Outlook: What Investors Need to Know

• Phoenix Mecano adjusts its guidance, now expecting a profit increase of around 10 percent before special items for the 2023 financial year.
• Despite a slowdown in the industrial economy, Phoenix Mecano is expected to close the 2023 financial year with a record result.
• Including special items, the Group expects to achieve clear double-digit profit growth.
• The positive trend in the turnaround of the DewertOkin Technology Group division is continuing.
• Thanks to strong cash flow generation, Phoenix Mecano expects to start the new year with a net cash position.
• The company will announce details of the preliminary results for the 2023 financial year on February 15, 2024, and the results for the 2023 financial year and the 2023 Annual Report will be published on April 23, 2024.

The next important date, Quarterly report, at Phoenix Mecano is on 30.01.2024.