FORTEC Elektronik AG: Increase to revenue forecast and earnings forecast for the 2022/2023 financial year

The good business development at FORTEC Elektronik AG has also continued in the third quarter of the 2022/2023 financial year (31/03). As shown by the preliminary figures, FORTEC Elektronik AG achieved a Group turnover of EUR 78.5 million (previous year: EUR 66.0 million), and earnings before interest and taxes (EBIT) of EUR 8.5 million (previous year: EUR 6.3 million).

The Management Board of FORTEC Elektronik AG therefore decided to update the forecast for the current financial year today. It has increased the forecast for Group turnover to EUR 97.0 to 110.0 million (previously: EUR 91.0 million to EUR 97.0 million) and the Group EBIT to EUR 10.0 to 11.0 million (previously: EUR 8.0 million to EUR 9.0 million).

The announcement for the 3rd quarter of the 2022/2023 financial year will be available on the company’s website (https://www.fortecag.de/en/investor-relations/reports/) on 25 May 2023.

Sandra Maile

Chair of the Management Board

FORTEC Elektronik AG | Augsburger Str. 2b | 82110 Germering | Germany
Phone: +49 89 894450 232

[email protected] | www.fortecag.de

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Die FORTEC Elektronik AG (ISIN Share: DE0005774103, WKN: 577410), based in Germering, Germany, was founded in 1984 as an international distributor of standard solutions in the field of power supplies, embedded systems and displays. In addition, the FORTEC Group today offers customer-specific developments and complete system developments. Since April 2020, FORTEC Elektronik AG has been the holding company responsible for management of the affiliated companies, group strategy and essential parts of the administration. FORTEC Elektronik AG has subsidiaries in Germany, Switzerland, the UK and the USA.