EQS-News 101 0 Kommentare 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

26.04.2024 / 06:55 CET/CEST
The issuer is solely responsible for the content of this announcement.

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%