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    EQS-Adhoc  125  0 Kommentare Endor AG adjusts revenues forecast and withdrawns earnings forecast for 2024

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    • Endor AG adjusts revenue forecast for 2024
    • Revenue of EUR 30.5 million in Q1 2024
    • Forecast uncertainties lead to adjustments

    EQS-Ad-hoc: Endor AG / Key word(s): Forecast/Change in Forecast
    Endor AG adjusts revenues forecast and withdrawns earnings forecast for 2024

    29-May-2024 / 21:19 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    Endor AG adjusts revenues forecast and withdrawns earnings forecast for 2024

    Landshut, May 29, 2024 – Endor AG achieved revenue of EUR 30.5 million in the first quarter of 2024 (previous year: EUR 17.3 million) and earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 1.2 million (previous year: EUR -1.9 million). The first quarter of 2024 was positively influenced by revenue postponements from 2023 totalling in around EUR 5 million. This was due to limited delivery capacity and delays in the launch of new products in 2023, resulting in the postponement of deliveries from 2023 to the first quarter of 2024. Additionally, the first quarter of 2023 was negatively impacted by limited delivery capabilities. As a result, the Management Board believes that the figures are not comparable.

    Looking at the full year 2024, Endor AG points to significant forecast uncertainties and adjusts its revenue and earnings forecast for the full year 2024, which was published in early February 2024. The Management Board of Endor AG now expects consolidated revenue of EUR 105 million to EUR 115 million for 2024 (previously: EUR 115 million to EUR 125 million). The reason for this is a noticeable reluctance to buy on the part of customers since the beginning of the second quarter, which the Management Board expects to continue in the second and third quarters of 2024.

    The forecast for the EBITDA margin (based on revenue) for 2024, which was also published at the beginning of Februar 2024, ranging from 8% to 10%, is also being withdrawn due to the expected one-off effects of the planned StaRUG procedure. At the current time, a reliable forecast of the EBITDA margin is not possible, as it is not yet foreseeable to what extent special effects will occur. These include, in particular, income from debt waivers by banks that have not yet been finally negotiated, as well as the costs of the StaRUG procedure.

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    EQS-Adhoc Endor AG adjusts revenues forecast and withdrawns earnings forecast for 2024 EQS-Ad-hoc: Endor AG / Key word(s): Forecast/Change in Forecast Endor AG adjusts revenues forecast and withdrawns earnings forecast for 2024 29-May-2024 / 21:19 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation …

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