BOOSTER Precision Components GmbH: Year-on-year change in Q1 2024 earnings performance and consideration of a tap issue of the corporate bond

BOOSTER Precision Components GmbH: Year-on-year change in Q1 2024 earnings performance and consideration of a tap issue of the corporate bond

Frankfurt a. M., 3 MAY 2024 – BOOSTER Precision Components GmbH (Bond; ISIN NO0012713520) today finalised its preliminary unaudited figures for the first quarter of 2024.

Based on these preliminary figures for the first quarter of 2024, BOOSTER posted revenues of EUR 43.4 million, which are lower than in the same period of the previous year (Q1 2023: EUR 47.3 million). The company’s EBITDA declined from EUR 5.6 million to EUR 4.5 million. The revenue and earnings decline was due to weaker than expected demand and an unfavourable product mix.

The Management Board has initiated measures to counteract the negative trend and is maintaining its full-year guidance.

Accordingly, the Group expects revenues to grow moderately in a single-digit percentage range compared to the previous year (2023: EUR 183.6 million). Assuming energy prices and raw material costs to remain stable and further demand meets management expectations, the Group foresees a moderate increase in earnings (EBITDA 2023: EUR 21.3 million).

In addition, the Company considers the initiation of a Written Procedure under its outstanding bonds (ISIN NO0012713520) with a potential EUR 18 million tap issue to follow in order to refinance its subordinated loan provided by Eurazeo.

The interim Q1 2024 report will be published until end of May 2024.

The Management Board

BOOSTER Precision Components GmbH

Contact:

BOOSTER Precision Components GmbH
Bockenheimer Landstraße 93
60325 Frankfurt a. M.
T +49 69 76758193
mail@booster-precision.com