EQS-Adhoc
ENCAVIS AG: Preliminary KPIs for Q1/2024 are significantly lower than in the same quarter of the previous year, but approx. on target – Management Board confirms guidance for FY 2024
- Preliminary KPIs for Q1/2024 lower than previous year but on target
- Net revenue down by over 12%, adjusted EBITDA down by over 24%
- Management Board confirms guidance for FY 2024 despite decrease
EQS-Ad-hoc: ENCAVIS AG / Key word(s): Quarterly / Interim Statement/Preliminary Results Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014 |
Hamburg, 3rd May 2024 – The Management Board of MDAX-listed Encavis AG publishes today already preliminary Key Performance Indicators of the first quarter 2024:
Net revenue decrease of more than 12% compared to previous year to around EUR 86.6 million
(previous year: EUR 98.8 million)
Decrease of adjusted EBITDA*) of more than 24% compared to previous year to around EUR 48.5 million (previous year: EUR 64.3 million)
Decrease of adjusted EBIT*) of more than 48% compared to previous year to around EUR 18.2 million (previous year: EUR 35.3 million)
Adjusted Earnings Per Share*) (EPS) turns into the negative of around EUR –0.04
(previous year: EUR 0.09)
Decrease of operating cash flow of around 30% compared to previous year to around EUR 36.3 million (previous year: EUR 51.8 million)
All KPIs are significantly below last year‘s figures but roughly on planned level. Therefore the Management Board confirms the guidance for FY 2024.
*) Explanations and calculation of the adjusted operating earnings figures can be found in the Annual Report / Consolidated Financial Statements 2023 of Encavis AG beginning on page 17 and at page 37.
The Annual Report / Consolidated Financial Statements 2023 of Encavis AG are available at:
https://www.encavis.com/en/green-capital/investor-relations/financial- ...
Contact / Notifying Person:
Jörg Peters
Head of Corporate Communications & IR
Tel.: + 49 40 37 85 62 242
E-Mail: joerg.peters@encavis.com
Additional information can be found on www.encavis.com
End of Inside Information
03-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: | English |
Company: | ENCAVIS AG |
Große Elbstraße 59 | |
22767 Hamburg | |
Germany | |
Phone: | +49 4037 85 62 -0 |
Fax: | +49 4037 85 62 -129 |
E-mail: | info@encavis.com |
Internet: | https://www.encavis.com |
ISIN: | DE0006095003 |
WKN: | 609500 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1895197 |
End of Announcement | EQS News Service |
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1895197 03-May-2024 CET/CEST