FORTEC Elektronik (FEV) H2 24/25 earnings summary

Executive summary

• Revenue for 2024/2025 was EUR 79.7 million, down 16% year-over-year, mainly due to weak demand in the data visualisation segment and challenging macroeconomic conditions.

• EBIT was EUR 1.9 million, a 73% decrease from the previous year, with an EBIT margin of 2.3%. Net income fell to EUR 1.3 million, and EPS dropped to EUR 0.41.

• The equity ratio increased to 76.6%, reflecting a robust balance sheet. Dividend proposed at EUR 0.40 per share.

• Significant management changes occurred post-year-end, including the dismissal of the Chairwoman and the appointment of an interim manager.

Financial highlights

• Revenue: EUR 79.7 million (previous year: EUR 94.5 million), EBIT: EUR 1.9 million (previous year: EUR 7.1 million), Net income: EUR 1.3 million (previous year: EUR 5.3 million).

• Gross margin slightly decreased to 33.5% (previous year: 34.4%).

• Cash and cash equivalents at year-end: EUR 19.2 million.

• Dividend proposal: EUR 0.40 per share (previous year: EUR 0.85).

Outlook and guidance

• For 2025/2026, revenue is expected between EUR 80.0 million and EUR 85.0 million, with EBIT between EUR 0.9 million and EUR 2.1 million, assuming no further deterioration in market conditions.

• The group will focus on integrating recent acquisitions, expanding in the USA, and implementing the "Strong Together 2030" strategy.