on FORTEC Elektronik Aktiengesellschaft (isin : DE0005774103)
FORTEC Elektronik AG Reports Weak Start to 2024/2025 Fiscal Year
FORTEC Elektronik AG has commenced its 2024/2025 financial year with a notably weaker first quarter. The company reported a group turnover of EUR 17.5 million, reflecting a significant 34% decrease compared to the previous year's EUR 26.6 million. This decline can be attributed to ongoing local and geopolitical challenges.
The company's earnings before interest and taxes (EBIT) fell sharply to EUR -0.2 million from EUR 3.5 million the previous year. Despite these challenges, the order backlog increased to EUR 57.2 million, compared to EUR 53.4 million on 30 June 2024. The Executive Board maintains its full-year sales forecast between EUR 95.0 million and EUR 110.0 million and an EBIT of EUR 6.0 million to EUR 8.0 million.
CEO Sandra Maile acknowledged the weaker quarter but expressed confidence due to the improved order book, which she views positively for the future.
R. P.
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