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)

COVID update

COVID update

Published: 8 January 2021

Following the Government’s announcement of a National lockdown, Display Technology Ltd has taken steps to ensure that we minimise the risk to our team whilst still remaining fully operational.

The office and warehouse are being manned by a skeleton staff allowing the rest of the team to work from home. 

 

Display Technology Ltd announce new Directors

Display Technology Ltd announce new Directors

Published: 8 September 2020

As part of their ongoing growth strategy in the UK, Display Technology is pleased to announce the appointment of Andrew Ferrier to the position of Operations Director and Paul Hooper as Sales and Marketing Director.

New Business Development Manager joins the team

New Business Development Manager joins the team

Published: 27 August 2020

Martin Bull has recently joined the team at Components Bureau where he will be leading the Power Electronics division.

Martin brings a wealth of experience with 22 years in the power supply market. He has already settled into his new role, getting to grips with the extensive range of power products that Components Bureau has to offer and has been involved with the preparation of the new website.

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