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STRATEC POSTS RESULTS FOR FIRST QUARTER OF 2024
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- Subdued start to financial year, but strong sales growth expected in Q2 2024.
- Consolidated sales down 15.7% in Q1 2024, adjusted EBIT margin at 6.2%.
- 2024 guidance confirmed, stable or slight sales growth expected with EBIT margin of 10.0% to 12.0%.
Foto: Stratec SE
EQS-News: STRATEC SE / Key word(s): Quarter Results STRATEC POSTS RESULTS FOR FIRST QUARTER OF 2024 |
- Subdued start to financial year as expected, but noticeable revival apparent in market and very strong sales growth expected for second quarter of 2024
- Consolidated sales Q1/2024 -15.7% at constant currency to € 50.9 million (Q1/2023: € 60.5 million)
- Efficiency measures and structural changes taking effect: Despite negative scale effects, adjusted EBIT margin of 6.2% in Q1/2024 almost at previous year’s level (Q1/2023: 6.3%)
- 2024 guidance confirmed: Sales on a constant-currency basis expected to remain stable or grow slightly with adjusted EBIT margin of around 10.0% to 12.0%
- Well-filled development pipeline and major advances in development cooperations
Birkenfeld, April 26, 2024
STRATEC SE, Birkenfeld, Germany, (Frankfurt: SBS; Prime Standard, SDAX) today announced its financial results and major events for the period from January 1, 2024 to March 31, 2024 with the publication of its Quarterly Statement Q1|2024.
KEY FIGURES 1
€ 000s | Q1/2024 | Q1/2023 | Change |
Sales | 50,871 | 60,478 |
-15.9% (cc: -15.7%) |
Adj. EBITDA | 6,845 | 7,292 | -6.1% |
Adj. EBITDA margin (%) | 13.5 | 12.1 | +140 bps |
Adj. EBIT | 3,145 | 3,816 | -17.6% |
Adj. EBIT margin (%) | 6.2 | 6.3 | -10 bps |
Adj. consolidated net income | 1,226 | 2,133 | -42.5% |
Adj. earnings per share (€) | 0.10 | 0.18 | -44.4% |
Earnings per share (€) | 0.04 | 0.11 | -63.6% |
Adj. = adjusted
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