on ParTec AG (isin : DE000A3E5A34)
ParTec AG Releases 2024 Half-Year Report
ParTec AG has published its half-year report for 2024, showing revenue of EUR 5.1 million and EBIT of EUR 3.5 million. The previous year's figures were significantly higher at EUR 52.1 million in revenue and EUR 19.4 million in EBIT, but these were from separate financial statements, making direct comparisons challenging. Notably, ParTec improved its EBIT by around EUR 17 million compared to the negative figure of EUR -13.3 million in 2023.
The company experienced a decline in revenue in the first half of 2024 due to invoicing delays on major projects. However, ParTec expects a robust second half and reaffirms its full-year expectations. A significant development is the signing of an agreement with the Helmholtz Centre Dresden-Rossendorf to build an AI supercomputer named "ELBJUWEL," projected to reach a performance of up to 50 exaflops 8FP.
The full report is available on ParTec's website.
R. H.
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