Brief: STRATEC Expects Consolidated Sales Of Eur 207.7 MLn For First Nine Months Of 2022

Stratec SE

18/10/2022 19:29

Oct 18 (Reuters) - Stratec Se  SBSG.DE :
    * EQS-ADHOC: STRATEC REPORTS PRELIMINARY FIGURES FOR FIRST
NINE
MONTHS OF 2022 AND ADJUSTS SALES GUIDANCE
    * STRATEC EXPECTS TO REPORT CONSOLIDATED SALES OF EUR 207.7
MILLION FOR FIRST NINE MONTHS OF 2022 (9M/2021: EUR 225.4
MILLION)
    * PRELIMINARY CALCULATIONS INDICATE AN ADJUSTED EBIT MARGIN
OF
18.3% FOR FIRST NINE MONTHS OF 2022
    * CO  NO LONGER EXPECTS TO MAKE UP FOR EXISTING DELIVERY
BACKLOGS
BY END OF YEAR TO EXTENT ORIGINALLY PLANNED
    * STRATEC-DELIVERY BACKLOGS ROSE FURTHER THROUGHOUT Q3 GIVEN
CONTINUING DIFFICULTIES IN PROCURING UPSTREAM PRODUCTS
(PARTICULARLY SEMICONDUCTOR CHIPS)
    * ON A CONSTANT-CURRENCY BASIS, SALES IN 2022 FINANCIAL YEAR
ARE
NOW EXPECTED TO DECREASE BY AROUND 5.0% TO 8.0%
    * GUIDANCE FOR ADJUSTED EBIT MARGIN, WHICH IS FORECAST AT
AROUND
16.5% TO 18.5% IN 2022 HAS BEEN CONFIRMED

Source text for Eikon:  ID:nEQ3VcNGna 
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