BOOSTER Precision Components GmbH Announces Outstanding Preliminary Financial Results for 2023

BOOSTER Precision Components GmbH has revealed its preliminary financial results for the year 2023, showing significant growth in revenue and operational performance. With a 17.6% increase in revenues compared to 2022, exceeding forecasts, the company recorded record revenues of 183.6 million euros. Operating income before interest, taxes, depreciation and amortization (EBITDA) also grew by 8.2%, amounting to €21.1 million.

Order volume has been robust, reaching €128 million in 2023, with 20% coming from products outside the combustion sector. The company also reported an increase in its shareholders' equity and a modest increase in its current assets, reflecting excellent financial management in a demanding economic environment.

The fourth quarter saw a continuation of growth, despite a slowdown compared to the first half of the year. Fourth-quarter revenue increased 9.3% year-over-year, with both EBITDA and EBIT up sharply. The company highlighted its commitment to innovation, including securing a major project in the area of electric vehicle cooling system components.

Despite the macroeconomic and geopolitical uncertainties affecting the automotive industry, BOOSTER remains optimistic for 2024, anticipating moderate revenue growth and a moderate increase in EBITDA. The final financial results for the year 2023 will be published in April 2024.