Brief: Vitesco Technologies Preliminary FY Sales At EUR 9.23 Bln

Vitesco Technologies AG

23/02/2024 06:08

Feb 23 (Reuters) - VITESCO TECHNOLOGIES GROUP AG
 VTSCn.DE :
    * PRELIMINARY FY SALES INCREASE TO €9.23 BILLION IN 2023
(2022:
€9.07 BILLION), COMPANY FORECAST: €9.2 TO €9.7 BILLION
    * PRELIMINARY FY ADJUSTED EBIT MARGIN OF 3.7 PERCENT (2022:
2.5
PERCENT), CAME IN HIGHER THAN THE COMPANY'S OWN GUIDANCE RANGE
OF 2.9 PERCENT TO 3.4 PERCENT
    * PRELIMINARY FY FREE CASH FLOW OF €84.9 MILLION (2022:
€123.2
MILLION) ABOVE THE COMPANY’S EXPECTATIONS OF APPROXIMATELY €50
MILLION
    * PRELIMINARY FY TOTAL ORDER INTAKE OF MORE THAN €12
BILLION,
INCLUDING AROUND €8.3 BILLION IN THE ELECTRIFICATION BUSINESS
    * PRELIMINARY FY VITESCO TECHNOLOGIES’ CORE BUSINESS
ACHIEVED
ORGANIC GROWTH OF 12.2 PERCENT
    * NET LIQUIDITY OF EUR 337.0 MLN AS OF DECEMBER 31, 2023
DECEMBER
31, 2022: EUR 333.4 MLN)
    * EQUITY RATIO OF 37.6 PERCENT AS OF DECEMBER 31, 2023

Further company coverage:  VTSCn.DE 

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