Fiscal Year 2023: Surpassing Expectations with Stellar Profitability and Cash Flow

• Vitesco Technologies Group AG exceeded its profitability and cash flow expectations for the fiscal year 2023.
• The company's sales increased to €9.23 billion in 2023, up from €9.07 billion in 2022.
• The adjusted EBIT margin was higher than the company's own guidance at 3.7 percent, compared to 2.5 percent in 2022.
• The company's free cash flow was above expectations at €84.9 million.
• Vitesco Technologies saw a growth in electrification sales of around 21 percent to €1.3 billion.
• The company's order backlog as of December 31, 2023, stood at around €58 billion, with more than half being electrification-related.

At this time, the index MDAX was at 26.374,93PKT (-0,21 %).

Vitesco Technologies Group

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-5,18 %

-4,03 %

-22,09 %

+4,34 %

+6,46 %

ISIN:DE000VTSC017WKN:VTSC01

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