DGAP-Ad-hoc: Vitesco Technologies Group AG / Key word(s): Preliminary Results/Quarter Results According to preliminary figures, Vitesco Technologies Group AG generated group sales of around 2.26 bn euros (Q1 2021: 2.30 bn euros; market consensus as of 22 April 2022: 2,14 bn euros) in the first quarter 2022. Despite the ongoing burden related to the COVID-19 pandemic as well as supply shortages for important production components such as semiconductors, and given the Russian war of aggression in the Ukraine and the related negative impacts on global supply chains, the preliminary adjusted EBIT margin for the first quarter 2022 was at 2.0 percent (Q1 2021: 0.7 percent) and thus above market consensus (1.5 percent) thanks to the good transformation progress. In absolute figures, preliminary adjusted EBIT thus came in at around 45 mn euros (Q1 2021: 17 mn euros; market consensus: 32 mn euros). Based on preliminary figures, free cash flow for the first quarter 2022 came in at roughly 48 mn euros (Q1 2021: 239 mn euros; market consensus: -44 mn euros). This includes capital expenditures of around 52 mn euros (Q1 2021: 44 mn euros; market consensus: 129 mn euros). Vitesco Technologies Group AG will release the quarterly statement for the first quarter 2022 on 13 May 2022. *** Various known and unknown risks, uncertainties and other factors could cause Vitesco Technologies' actual results, its financial position, growth or performance to differ materially from the figures presented herein. Explanations and reconciliations of key financial figures used can be found in the glossary of financial terms of the annual report 2021 of Vitesco Technologies Group AG (available at https://ir.vitesco-technologies.com/websites/vitesco/English/4000/reports-_-presentations.html), in particular on pages 60 ff. ***Contact: Heiko Eber Head of Investor Relations Tel.: +49 941 2031 72348 E-Mail: heiko.eber@vitesco.com
26-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Vitesco Technologies Group AG |
Siemensstraße 12 | |
93055 Regensburg | |
Germany | |
Phone: | +49 941 2031 0 |
E-mail: | ir@vitesco.com |
Internet: | www.vitesco-technologies.com |
ISIN: | DE000VTSC017 |
WKN: | VTSC01 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1334995 |
End of Announcement | DGAP News Service |
|
1334995 26-Apr-2022 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.