Brief: Vitesco Technologies Q1 FCF Of Negative EUR 90.6 Mln

Vitesco Technologies AG

08/05/2024 06:07

May 8 (Reuters) - VITESCO TECHNOLOGIES GROUP AG
 VTSCn.DE :
    * STARTS WITH SOLID QUARTERLY RESULTS INTO FISCAL YEAR 2024
    * Q1 EBIT MARGIN OF 1.7 PERCENT (Q1 2023: 1.4 PERCENT)
    * Q1 ADJUSTED EBIT: EUR 33.0 MILLION (Q1 2023: EUR 30.8
MILLION)
    * Q1 QUARTERLY SALES OF AROUND EUR 1.99 BILLION (Q1 2023:
EUR 2.31
BILLION)
    * Q1 ORDER INTAKE OF EUR 708 MILLION, OF WHICH AROUND 40
PERCENT
IN ELECTRIFICATION BUSINESS
    * VITESCO TECHNOLOGIES CONFIRMS OUTLOOK FOR FISCAL YEAR 2024
    * Q1 FREE CASH FLOW STOOD AT -EUR 90.6 MILLION (Q1 2023:
-EUR 41.1
MILLION)

Source text for Eikon:  ID:nEQ1W2Gn1a 
Further company coverage:  VTSCn.DE 

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