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FORTEC Elektronik AG confirms the preliminary figures for the first half of the 2023/2024 financial year

EQS-News: FORTEC Elektronik Aktiengesellschaft / Key word(s): Quarterly / Interim Statement/Quarter Results FORTEC Elektronik AG confirms the preliminary figures for the first half of the 2023/2024 financial year 27.03.2024 / 08:37 CET/CEST The issuer is solely responsible for the content of this announcement. FORTEC Elektronik AG confirms the preliminary figures for the first half of the 2023/2024 financial year

• Group turnover of EUR 47.0 million around 5 % above the previous year’s level (previous year: EUR 49.4 million)
• Group EBIT of EUR 4.5 million close to the value of the previous year (previous year: EUR 4.6 million)
• Order book on 31 December 2023 at EUR 68.0 million getting back to normal (30 June 2023: EUR 83.0 million)

FORTEC Elektronik AG has published its half-year report for 2023/2024. After the first six months of the current 2023/2024 financial year (01 July 2023 - 31 December 2023), the Group turnover of EUR 47.0 million (previous year: EUR 49.4 million) is only slightly below the half year level of the previous record year and therefore confirms the preliminary figures published on 05 February 2024.

The data visualisation segment contributed EUR 29.1 million (previous year: EUR 32.0 million) and the power supplies segment EUR 17.8 million (previous year: EUR 17.5 million) to the total turnover.

Earnings before interest and taxes (EBIT) at EUR 4.5 million (previous year: EUR 4.6 million) are roughly at the level of the previous year. The EBIT margin based on this was even able to be increased slightly to 9.6 % (previous year: 9.4 %) and is therefore close to the medium-term target range.

The consolidated net profit in the first half of 2023/2024 was EUR 3.2 million (previous year: EUR 3.4 million) and the earnings per share were accordingly EUR 0.99 (previous year: EUR 1.04).

The order book on 31 December 2023 was EUR 68.0 million (30 June 2023: EUR 83.0 million) and has therefore normalised compared to the previous year thanks to improved delivery capacity.

Sandra Maile, CEO of FORTEC Elektronik AG, comments: “Economically challenging times remain, in which you have to prove yourself. The fact that the results are close to those of the previous record year is a positive confirmation of our total annual target for the current financial year. We are also delighted with our progress in our new development location in Cairo. We will employ 9 software and hardware developers there from 1st April. With the adoption of our Strong Together 2030 strategy, we have also set the course for our medium-term growth.”