Brief: Encavis Releases Preliminary KPIs For Q1, Confirms Guidance For FY 2024

Encavis AG

03/05/2024 09:16

May 3 (Reuters) - ENCAVIS AG  ECVG.DE :
    * PRELIMINARY KPIS FOR Q1/2024 ARE SIGNIFICANTLY LOWER THAN
IN THE
SAME QUARTER OF THE PREVIOUS YEAR, BUT APPROX. ON TARGET –
MANAGEMENT BOARD CONFIRMS GUIDANCE FOR FY 2024
    * Q1 NET REVENUE DECREASE OF MORE THAN 12% COMPARED TO
PREVIOUS
YEAR TO AROUND EUR 86.6 MILLION
    * DECREASE OF Q1 OPERATING CASH FLOW OF AROUND 30% COMPARED
TO
PREVIOUS YEAR TO AROUND EUR 36.3 MILLION
    * DECREASE OF Q1 ADJUSTED EBITDA OF MORE THAN 24% COMPARED
TO
PREVIOUS YEAR TO AROUND EUR 48.5 MILLION
    * DECREASE OF Q1 ADJUSTED EBIT OF MORE THAN 48% COMPARED TO
PREVIOUS YEAR TO AROUND EUR 18.2 MILLION
    * Q1 ADJUSTED EARNINGS PER SHARE (EPS) TURNS INTO NEGATIVE
OF
AROUND EUR -0.04

Source text for Eikon:  ID:nEQ3T0nvha 
Further company coverage:  ECVG.DE 

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