Viscom AG Adjusts Annual Forecast for 2024 Financial Year Amid Profit Warning

Hanover, 23 May 2024 – Viscom AG (ISIN DE0007846867) announced an adjustment to its annual forecast for the 2024 financial year. This change is driven by recent market challenges, including postponed orders and negative findings from project businesses. The firm now expects incoming orders and target revenue between €80 million and €95 million, down from the previous forecast of €100 million to €110 million.

Viscom AG anticipates a slightly negative EBIT before special effects, contrasting with the earlier forecasted EBIT of €3.0 million to €8.8 million. Economic recovery within Germany has been slower than expected, increasing uncertainty in the second half of 2024. Consequently, the company plans to continue short-time working at its Hanover site and will negotiate with the Works Council on necessary cost-reducing personnel measures.