EQS-News

centrotherm international AG records successful 2023 financial year: Forecast for EBITDA of EUR 19.0 million and order intake of EUR 268.8 million met

EQS-News: centrotherm international AG / Key word(s): Annual Results/Annual Report centrotherm international AG records successful 2023 financial year: Forecast for EBITDA of EUR 19.0 million and order intake of EUR 268.8 million met 30.04.2024 / 09:31 CET/CEST The issuer is solely responsible for the content of this announcement. centrotherm international AG records successful 2023 financial year: Forecast for EBITDA of EUR 19.0 million and order intake of EUR 268.8 million met

Blaubeuren, April 30, 2024 - centrotherm international AG looks back on a very satisfactory 2023 financial year. As the Group's earning power was significantly strengthened by the substantially increased share of business with the semiconductor industry, the Management Board sees this as confirmation that it is on the path to sustainably profitable business development. centrotherm succeeded in significantly increasing consolidated earnings before interest, tax, depreciation and amortization (EBITDA) from EUR 16.2 million to EUR 19.0 million, thereby meeting the forecast of positive EBITDA in the low double-digit million euro range. This also applies on the basis of the adjusted EBITDA of EUR 15.9 million. In the 2023 financial year, there was a revaluation of centrotherm's reimbursement claim from the former major project in Algeria (EUR 3.1 million). Consolidated net income increased significantly from EUR 13.0 million to EUR 18.7 million, which equates to improved earnings per share of EUR 0.88 (2022: EUR 0.62).

The Group's order intake also developed very positively in the 2023 financial year. At EUR 268.8 million, the forecast of EUR 250 to 350 million was met. 82.9% (2022: 65.5%) of orders came from the semiconductor industry and 16.7% (33.9%) from the photovoltaic industry. The re-entry into the US PV market is particularly positive. As at December 31, 2023, the Group order backlog amounted to EUR 539.1 million, which represents a significant increase of 27.3% compared to the previous year's figure of EUR 423.6 million.