FRIWO Anticipates Moderate 2024 Start, Confirms Profitable Outlook

• FRIWO AG had a moderate start in 2024 with a return to operating profit confirmed for the year
• The company's group revenue fell to 20.7 million euros in the first quarter of 2024, compared to 30.8 million euros in the same period of the previous year
• The EBIT loss for the first quarter of 2024 was -1.8 million euros
• The company's e-mobility joint venture in India continues to see dynamic growth in demand
• FRIWO AG confirms the annual forecast of achieving Group revenue of 100 to 120 million euros and a balanced Group EBIT in the 2024 financial year
• The company's total assets decreased to 70.7 million euros as at March 31, 2024, compared to 74.3 million euros as at December 31, 2023.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at FRIWO is on 08.05.2024.

FRIWO

0,00 %

-0,88 %

-13,85 %

-20,57 %

-44,83 %

-2,61 %

-9,68 %

+206,51 %

ISIN:DE0006201106WKN:620110

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