FORTEC Elektronik (FEV) Q3 24/25 earnings summary

Executive summary

• Group turnover for the first nine months was EUR 57.9 million, down 17% year-over-year due to weak consumer climate and investment reluctance in key markets.

• EBIT fell to EUR 1.4 million from EUR 5.7 million year-over-year, reflecting challenging macroeconomic conditions.

• Power supplies segment delivered stable EBIT contributions, while data visualisation segment underperformed due to reduced investments in Germany and the USA.

• Order book at end of March 2025 was EUR 52.1 million, rebounding to EUR 55 million by end of April with new orders in medical, railway, and defence.

• Ongoing investments in ERP systems and subsidiary mergers aim to drive future efficiency and synergies.

Financial highlights

• Revenue for the first nine months: EUR 57.9 million (previous year: EUR 70.0 million), a 17% decrease.

• EBIT: EUR 1.4 million (previous year: EUR 5.7 million); EBIT margin 2.5% vs. 8.1% year-over-year.

• Net profit: EUR 1.0 million (previous year: EUR 4.0 million); EPS: EUR 0.30 vs. EUR 1.21.

• Cost of materials decreased to EUR 38.8 million, personnel expenses to EUR 11.7 million; other operating expenses rose to EUR 6.5 million.

• Order book at March 2025: EUR 52.1 million, up to EUR 55 million by April 2025.

Outlook and guidance

• Management forecasts full-year group turnover of EUR 80–95 million and EBIT of EUR 4–6 million for 2024/2025.

• Forecast subject to higher risk due to geopolitical uncertainties, tariffs, and regulatory issues, especially regarding US trade.

• Economic recovery in sales markets remains slow; planned turnover may be impacted by ongoing uncertainties.