FORTEC Elektronik AG closes the first half of 2021/2022 highly profitable despite tense supply chains and raises forecast

FORTEC Elektronik AG closes the first half of 2021/2022 highly profitable despite tense supply chains and raises forecast

Published: 21 February 2022

According to preliminary figures, FORTEC Elektronik AG recorded profitable growth momentum in the first half of the 2021/2022 financial year in the challenging environment of the pandemic and despite strained supply chains, with earnings performance exceeding expectations.

Highlights:

Group turnover of EUR 42.1 million around 12 % above the previous year's level (PY: EUR 37.5 million)

Group operating EBIT of EUR 4 million (PY: EUR 1.9 million) more than doubled

Order book as at 31 December 2021 increased significantly to EUR 73.7 million (PY: EUR 48.6 million)

Raising of the 2021/2022 forecast, taking into account the dynamic business development in the first half of the year and the high order backlog (EUR 73.7 million)

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