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EQS-Ad-hoc: Endor AG / Key word(s): Forecast
Endor AG specifies its revenue guidance and adjusts its earnings guidance
Landshut, October 24, 2023 – Endor AG ("Endor") specifies its revenue forecast and adjusts its earnings forecast for the current fiscal year. This is based on production delays due to a later than planned licensing of several products as well as higher transportation costs to achieve product availability and, based on this, an updated outlook for the fourth quarter of 2023. The Endor Management Board expects consolidated revenues for 2023 to be in a range of EUR 105-115 million (previously: EUR 105-125 million) and the EBITDA margin to be in an expected mid-single-digit percentage range (previously: lower double-digit percentage range). Although revenues in the third quarter were very positive at EUR 23.4 million (previous year: EUR 20.1 million) excluding special effects and with a significantly higher number of new customers, the license-related delays will lead to a later availability of goods in the important fourth quarter of 2023
Notifying person: András Semsey, CFO
End of Inside Information
24-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Endor AG |
| E.ON-Allee 3 | |
| 84036 Landshut | |
| Germany | |
| Phone: | +49-(0)871-9221-122 |
| Fax: | +49-(0)871-9221-221 |
| E-mail: | ir@endor.ag |
| Internet: | www.endor.ag |
| ISIN: | DE0005491666 |
| WKN: | 549166 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
| EQS News ID: | 1756495 |
| End of Announcement | EQS News Service |
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1756495 24-Oct-2023 CET/CEST
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