Brief: Vitesco Technologies Q2 Adj EBIT Up At EUR 81.7 Mln

Vitesco Technologies AG

08/08/2024 06:09

Aug 8 (Reuters) - Vitesco Technologies Group AG
 VTSCn.DE :
    * VITESCO TECHNOLOGIES GROUP AG - Q2 SALES AMOUNTED TO EUR
2.02
BILLION (Q2 2023: EUR 2.44 BILLION)
    * VITESCO TECHNOLOGIES GROUP AG - Q2 ADJUSTED EBIT IMPROVED
TO EUR
81.7 MILLION IN Q2 2024 (Q2 2023: EUR 66.6 MILLION)
    * VITESCO TECHNOLOGIES GROUP AG - FURTHER YEAR ON YEAR
DECLINE IN
GLOBAL VEHICLE PRODUCTION IS EXPECTED IN SECOND HALF OF 2024
    * VITESCO TECHNOLOGIES GROUP AG - FORECASTS SALES OF EUR 8.1
BILLION IN FISCAL YEAR 2024 (+/- EUR 150 MILLION)
    * VITESCO TECHNOLOGIES GROUP AG - OUTLOOK: ADJUSTED EBIT
MARGIN
FOR 2024 OF AROUND 4.0 PERCENT (+/- 0.2 PERCENT) AND FREE CASH
FLOW FOR 2024 OF APPROXIMATELY -EUR 400 MILLION
    * VITESCO TECHNOLOGIES GROUP AG  - H1 GROUP'S SALES
DECREASED TO
EUR 4.02 BILLION (H1 2023: EUR 4.76 BILLION)

Source text for Eikon:  ID:nEQbxDvLba 
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