STRATEC Confirms EBIT Margin Target Despite Sales Guidance Adjustment

STRATEC SE has released preliminary results for the first nine months of 2024, reporting consolidated sales of €176.3 million, down from €187.7 million in the same period last year. The third quarter sales fell short due in part to postponed deliveries to the final quarter of 2024 and into 2025. However, the company maintained a steady profitability level, with an adjusted EBIT margin of 8.4%, nearly matching the previous year's 8.6%.

Despite market volatility, STRATEC's management has slightly adjusted its 2024 sales guidance, now expecting stable or slightly declining constant-currency sales. However, the EBIT margin guidance remains at 10.0% to 12.0%. The company anticipates a recovery in the fourth quarter with new customer orders potentially boosting the sales figures significantly.

Final figures and a quarterly statement for the first nine months of 2024 are due on October 25, 2024.