EQS-News

BOOSTER Precision Components GmbH publishes consolidated financial statements for 2023: Record revenues and strong operational performance - Seite 2

Among newly acquired business projects totaling EUR 128 million in 2023, 20% are already attributable to the non-ICE (Internal Combustion Engine) products outside the company’s core business for the automotive industry.

Jerko Bartolić, Managing Director and CEO of Booster Precision Components: “The past year was a record year for BOOSTER in many ways – in terms of revenue, financial result, value of newly acquired business projects and operational performance. We maintained our strong presence in the turbocharger sector while continuing our strategic diversification into emerging opportunities in other markets. We remained focused on developing new business opportunities in the non-ICE sector, with significant investments in infrastructure and prototyping machinery in Europe and China. This resulted in another record: 50% of all prototypes delivered in 2023 were projects for non-ICE applications. We also succeeded in attracting both existing and new customers for our products for E-Mobility and Fuel Cell applications.”

At the time of preparing the consolidated financial statements, management assumes that the business environment for the automotive industry will remain challenging in 2024 and that economic development, especially in Europe but also in other regions of the world, will remain subdued due to geopolitical and macroeconomic uncertainties. On balance, the BOOSTER Group expects revenue in 2024 to increase moderately at a single-digit percentage rate against the previous year (2023: EUR 183.6 million). Assuming stable energy prices and raw materials costs, management expects earnings before interest, taxes, depreciation and amortisation to also grow moderately year-on-year (2023 EBITDA: EUR 21.3 million).

Dr. Ralph Wagner, Managing Director and CFO of BOOSTER Precision Components: "We are pleased to report a strong revenue and earnings performance for the full year 2023. With regards to earnings, we consider the EBITDA growth of 9% as a significant achievement given the overall demanding economic environment. Considering our existing long-term projects, the strong order book for the coming years and the ongoing trend towards E-Mobility, we believe that we are well positioned for sustainable growth.”