EQS-News

Endor AG announces revenue and earnings guidance for 2024 and expects a return to a clearly positive result

EQS-News: Endor AG / Key word(s): Forecast Endor AG announces revenue and earnings guidance for 2024 and expects a return to a clearly positive result 02.02.2024 / 17:00 CET/CEST The issuer is solely responsible for the content of this announcement. Endor AG announces revenue and earnings guidance for 2024 and expects a return to a clearly positive result

• Group revenue forecast 2024: range of EUR 115 to 125 million (2023 expected to be EUR 102 to 106 million)
• Forecast EBITDA margin 2024: range of 8% to 10% (2023 expected to be
  -10% to -15%)
• Elimination of one-off effects compared to the previous year will lead to an
  improvement in EBITDA of around EUR 9.0 million and the implementation of defined improvement measures of around EUR 7.5 million
• Further EBITDA contribution of around EUR 6.5 million on average from the expected market growth of 9 % and the now announced Sony product releases
• Reorganization of processes progressing according to plan

Landshut, 2 February 2024 – Endor AG today published its revenue and earnings guidance for 2024. Accordingly, the company expects consolidated revenue in the range of EUR 115 million to EUR 125 million in the current financial year, after generating an expected revenue in the range of EUR 102 million to EUR 106 million in 2023. The expected EBITDA margin (based on revenues) in 2024 is estimated to be in the range of 8% to 10% (2023 EBITDA-margin expected to be -10% to -15%).

"Yesterday we received confirmation from Sony about the expected but previously delayed product licenses, which have now been announced for the first half of February 2024. Production of the new line and stockpiling is already running at full speed in order to be able to fulfill pre-orders and expected customer orders at short notice," reports Thomas Jackermeier, CEO of Endor AG. "Even without the new products and based on the existing product portfolio, the order volume in January was well above the previous year's level. We now expect the newly licensed products to provide a further boost to growth in the current financial year.”