EQS-News

Successful business development: KATEK continues to grow strongly in 2023, realizes strongest year in the company's history in terms of operating result (EBITDA) and meets all forecasts

EQS-News: KATEK SE / Key word(s): Preliminary Results/Annual Results Successful business development: KATEK continues to grow strongly in 2023, realizes strongest year in the company's history in terms of operating result (EBITDA) and meets all forecasts 15.04.2024 / 10:39 CET/CEST The issuer is solely responsible for the content of this announcement. Successful business development: KATEK continues to grow strongly in 2023, realizes strongest year in the company's history in terms of operating result (EBITDA) and meets all forecasts

• Group sales increased by around 15% compared to the previous year to EUR 782.8 million
• Reported EBITDA increased by over 80% to over EUR 41.9 million
• Consistent working capital management with organic reduction in inventories leads to corresponding positive effect
• Publication of annual report rescheduled in the context of the Kontron transaction
• Cautious outlook in 2024 due to economic environment factors, but still on course for growth

Munich, April 15, 2024 - KATEK SE publishes preliminary figures for the successfully completed financial year 2023. The publication of the final, audited figures is planned for April 30, 2024. According to preliminary figures, the company continued its strong growth in the 2023 financial year and achieved a new record result. With sales growth of around 15% to EUR 782.8 million and an increase in reported EBITDA of more than 80% to over EUR 41.9 million, KATEK has expanded its position in the market and impressively realized the turnaround in earnings.

The significant improvement in the gross margin in the second half of 2023 underlines the effectiveness of the strategic measures. The adjusted operating result (EBITDA adj.) is within the forecast guidance, which demonstrates the successful implementation of the corporate strategy and the ability to adapt in a dynamic market environment.

Consistent working capital management led to an organic reduction in inventories of just under 18% with simultaneous growth, demonstrating the company's strong performance in this area.

Particularly noteworthy is the strong sales growth in the solar sector of over 32% in 2023, which confirms KATEK as a leading provider in this area. In addition, all preparations have been made in the Charging division for the expected growth, which underlines KATEK's ability to successfully place innovative products on the market within a very short space of time.