Brief: STRATEC H1 Consolidated Sales At EUR 119.1 Mln

Stratec SE

09/08/2024 05:59

Aug 9 (Reuters) - STRATEC SE  SBSG.DE :
    * CONSOLIDATED  SALES FOR FIRST HALF OF 2024 THEREFORE
AMOUNTED TO
€ 119.1  MILLION (H1/2023: € 125.0 MILLION)
    * ADJUSTED EBIT AMOUNTED TO € 9.7 MILLION IN THE FIRST HALF
OF 
2024
    * POSTS RESULTS FOR FIRST HALF OF 2024
    * 2024 GUIDANCE CONFIRMED: SALES ON A CONSTANT-CURRENCY
BASIS
EXPECTED TO REMAIN STABLE OR GROW SLIGHTLY WITH ADJUSTED EBIT
MARGIN OF AROUND 10.0% TO 12.0%
    * ADJUSTED EBIT MARGIN OF 9.6% IN Q2/2024 (Q2/2023: 4.9%)
    * ADJUSTED EBIT MARGIN IN H1/2024 IMPROVES BY 260 BASIS
POINTS TO
8.2% (H1/2023: 5.6%)
    * FOR 2024 FINANCIAL YEAR, STRATEC HAS PLANNED INVESTMENTS
IN
PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS
CORRESPONDING TO A TOTAL OF 6.0% TO 8.0% OF SALES (2023: 6.7%)

Source text for Eikon:  ID:nEQc84ngXa 
Further company coverage:  SBSG.DE 

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