Germany's FORTEC Elektronik nine-month EBIT falls 54% on weak demand

Fortec Elektronik AG

28/05/2026 08:20

Overview
Germany electronics solutions firm's fiscal nine-month revenue rose 1.7% yr/yr to EUR 58.95 mln
EBIT and net income for nine months declined sharply from prior year
Company confirmed full-year earnings forecast and highlighted defense sector contract wins

Outlook
FORTEC Elektronik confirms full-year 2025/2026 earnings forecast with break-even or slightly positive EBIT
Company expects defense sector contracts to support business development in coming months
FORTEC Elektronik says operational improvement and integration measures aimed at strengthening profitability continue

Result Drivers
SUBDUED CORE MARKETS - Co said continued weak investment demand in core markets weighed on results
DEFENSE CONTRACTS - Major project wins in defense and security-related applications supported order backlog, but most revenue will be recognized in future years
ACQUISITIONS - Modest revenue growth was primarily due to the acquisition of Nottrot B.V., per company

Company press release: ID:nEQ8ltYNda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
EUR 58.95 mln
 
9M Net Income
 
EUR 233,000
 
9M EBIT
 
EUR 658,000
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
Wall Street's median 12-month price target for Fortec Elektronik AG is €15.00, about 41.5% above its May 27 closing price of €10.60
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)