BOOSTER Precision Components GmbH adapts full-year guidance based on preliminary results for the first half of 2024

BOOSTER Precision Components GmbH adapts full-year guidance based on preliminary results for the first half of 2024

Frankfurt a. M., 6 August 2024 – Based on its preliminary unaudited figures for the first half of 2024, Booster Precision Components GmbH’s (the “Company”) revenue and earnings performance was lower than in the same period of the previous year.

Revenues in the first half of 2024 declined to around EUR 90.3 million (H1 2023: EUR 94.3 million), while the company’s EBITDA decreased to around EUR 7.7 million (H1 2023: EUR 11.2 million). The revenue and earnings decline was mainly impacted by lower than expected demand and an unfavourable product mix. The lower demand is in line with the current subdued sector performance. In addition, earnings in the second quarter were burdened by costs in relation with the subsequent bond issue and a negative FX impact due to the weakened MXN$.

Accordingly, the Management Board is lowering its full-year guidance. Instead of assuming revenues to grow moderately in a single-digit percentage range compared to the previous year (2023: EUR 183.6 million), a revenue decline of up to 10% is now projected. While the Management initially expected a moderate increase in earnings (EBTIDA 2023: EUR 21.3 million), a decline of up to 20% (excluding extraordinary items) is now anticipated. The Management Board will review and consider potential impacts of the significant changes in the current market environment as part of its corporate planning for the financial year 2025 and following.

The half-year report for 2024 will be published by the end of August 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