EQS-News

centrotherm international AG: Preliminary Group figures for 2023 confirm positive business development; Management Board examines strategic financing options to accelerate further growth

EQS-News: centrotherm international AG / Key word(s): Preliminary Results centrotherm international AG: Preliminary Group figures for 2023 confirm positive business development; Management Board examines strategic financing options to accelerate further growth 14.03.2024 / 14:25 CET/CEST The issuer is solely responsible for the content of this announcement. centrotherm international AG: Preliminary Group figures for 2023 confirm positive business development; Management Board examines strategic financing options to accelerate further growth

Blaubeuren, March 14, 2024 - centrotherm international AG today published preliminary, unaudited figures for the 2023 financial year in an ad hoc announcement. Accordingly, the Management Board anticipates total operating performance of around EUR 195 million with consolidated revenue of over EUR 150 million, and consequently lower total operating performance than forecast (forecast: EUR 220 million to EUR 260 million). In contrast, EBITDA is expected to reach the forecast of a positive EBITDA in the low double-digit million range at EUR 19 million. At around EUR 270 million, the Group's incoming orders will also be within the forecast range of EUR 250 million to EUR 350 million. The order backlog as at December 31, 2023 is expected to total around EUR 540 million.

Based on these positive preliminary business figures for 2023, the Executive Board believes that its strategy has been confirmed overall and has therefore decided today to examine strategic financing options. These options are aimed at further strengthening the company's financial power in order to accelerate its continued growth and further strengthen its market position. To this end, investments, particularly in research & development, the expansion of the product portfolio and in the global service network and customer service, are to be significantly increased. The possible financing options to be examined by the Management Board include, in particular, taking on a new strategic investor, carrying out capital increases, raising debt capital and issuing hybrid financial instruments such as convertible bonds or bonds with warrants.