Endor AG Forecasts Strong Revenue, Earnings for 2024, Anticipates Positive Outcome

• Endor AG announces revenue and earnings guidance for 2024, expecting a return to a clearly positive result
• The company forecasts a group revenue of EUR 115 to 125 million for 2024, up from an expected EUR 102 to 106 million in 2023
• The forecast EBITDA margin for 2024 is expected to be in the range of 8% to 10%, a significant improvement from the expected -10% to -15% in 2023
• The improvement in EBITDA is due to the elimination of one-off effects from the previous year and the implementation of defined improvement measures, which will lead to an improvement of around EUR 9.0 million and EUR 7.5 million respectively
• Endor AG also expects a further EBITDA contribution of around EUR 6.5 million from the expected market growth of 9% and the newly announced Sony product releases
• The company is also undergoing a reorganization of processes, which is progressing according to plan.