Brief: Vitesco Technologies Q2 Prelim. Adjusted EBIT At EUR 82 Mln

Vitesco Technologies AG

22/07/2024 17:21

July 22 (Reuters) - VITESCO TECHNOLOGIES GROUP AG
 VTSCn.DE :
    * VITESCO TECHNOLOGIES GROUP AG ADJUSTS GUIDANCE FOR 2024
BASED ON
PRELIMINARY FIGURES FOR Q2 2024 AND THE AUTOMOTIVE INDUSTRY’S
DAMPENED RECOVERY
    * VITESCO TECHNOLOGIES GROUP AG - GROUP SALES OF VITESCO
TECHNOLOGIES GROUP AG ("COMPANY") IN Q2 2024 WILL COME IN AT
2,025 MILLION EUROS (Q2 2023: 2,442 MILLION EUROS)
    * VITESCO TECHNOLOGIES GROUP AG - SALES OF ELECTRIFICATION
COMPONENTS, WHICH ARE IMPORTANT FOR COMPANY, ARE FORECAST AT 316
MILLION EUROS
    * VITESCO TECHNOLOGIES GROUP AG - ADJUSTED EBIT FOR Q2 WILL
AMOUNT
TO ROUGHLY 82 MILLION EUROS
    * VITESCO TECHNOLOGIES GROUP AG - PREDICTS AN ADJUSTED EBIT
MARGIN
FOR GROUP FOR FULL YEAR OF ROUGHLY 4.0%
    * VITESCO TECHNOLOGIES GROUP AG - FREE CASH FLOW (EXCLUDING
INTEGRATION COSTS ASSOCIATED WITH SCHAEFFLER AG MERGER) FOR FULL
YEAR IS FORECAST TO BE AT AROUND -400 MILLION EUROS

Source text for Eikon:  ID:nEQ6lBMSla 
Further company coverage:  VTSCn.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))