FORTEC Elektronik (FEV) investor relations material

Executive summary

• Revenue increased by 6% year-over-year to EUR 37.7 million, mainly due to the Nottrot B.V. acquisition.

• EBIT rose to EUR 0.4 million from EUR 0.2 million year-over-year, with net profit stable at EUR 0.2 million.

• Order backlog declined from EUR 50.0 million to EUR 44.9 million, reflecting a challenging market.

• Strategic acquisitions in the Benelux region expanded the service portfolio and market reach.

• Leadership changes included the dismissal of the former Chair and interim appointments to the Executive Board.

Financial highlights

• Sales revenues: EUR 37.7 million (up 5.6% year-over-year).

• EBIT: EUR 0.4 million (up 154.6% year-over-year); operational EBIT: EUR 0.7 million.

• EBITDA: EUR 1.7 million (up 69.9% year-over-year); operational EBITDA: EUR 1.9 million.

• Net profit: EUR 0.2 million; EPS: EUR 0.06.

• Equity ratio: 75.0%; total assets: EUR 75.0 million.

• Operating cash flow: EUR 6.6 million; cash and cash equivalents: EUR 18.2 million.

Outlook and guidance

• Full-year revenue forecast revised to EUR 76–80 million (previously EUR 80–85 million).

• Operating EBIT (adjusted) expected to be break-even or slightly positive; unadjusted EBIT to be negative due to one-off restructuring costs of EUR 1.0–1.5 million.

• Medium-term targets and 2030 outlook to be reassessed after new Executive Board appointment.