Brief: Vitesco Technologies Q1 Sales At EUR 2.31 Bln

Vitesco Technologies AG

12/05/2023 06:00

May 12 (Reuters) - VITESCO TECHNOLOGIES  VTSCN.DE :
    * Q1 SALES AT EUR 2.31 BILLION (Q1 2022: EUR 2.26 BILLION)
    * Q1 ADJUSTED EBIT AT EUR 37.1 MILLION (Q1 2022: EUR 47.7
MILLION)
    * Q1 ADJUSTED EBIT MARGIN OF 1.6% (Q1 2022: 2.1%)
    * Q1 ORDER INTAKE CAME TO EUR 1.4 BILLION WITH
ELECTRIFICATION
COMPONENTS ACCOUNTING FOR EUR 839 MILLION
    * Q1 NET LOSS AT EUR 50.7 MILLION (Q1 2022: LOSS AT EUR 11.3
MILLION)
    * CONFIRMS OUTLOOK FOR 2023
    * Q1 EARNINGS PER SHARE AT MINUS EUR 1.27 (Q1 2022: MINUS
EUR
0.28) DUE TO ONE-TIME EFFECTS
    * Q2 GLOBAL VEHICLE PRODUCTION UP Y-O-Y DUE TO ANTICIPATED
IMPROVED MATERIAL AVAILABILITY AND CHINA REOPENING

Further company coverage:  VTSCN.DE 

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