Revenue and Adjusted EBITDA for Fiscal Year 2023/2024 Expected to be Significantly Lower Than Anticipated
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EQS-Ad-hoc: SLR Group GmbH / Key word(s): Change in Forecast SLR Group GmbH: Revenue and Adjusted EBITDA for Fiscal Year 2023/2024 Expected to be Significantly Lower Than Anticipated St. Leon-Rot, July 2, 2024: SLR Group GmbH, a leading provider of high-quality ductile iron components, is revising its forecast for revenue and adjusted EBITDA for the fiscal year 2023/2024 downward in light of an increasingly challenging market environment. The revenue drop was caused on one hand by significant declines in customer demand in the Off-Highway segment, particularly in the agricultural sector. On the other hand, inventory reductions on the customer side are affecting revenue development. In this market environment SLR Group GmbH now expects revenue in the range of EUR 236 to 238 million and an adjusted EBITDA in the range of EUR 22 to 24 million for the fiscal year 2023/2024. Adjusted EBITDA margin will remain at 9 to 10%. Prior forecast was at a revenue of EUR 246 million and an adjusted EBITDA of EUR 27 million. End of Inside Information
02-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | SLR Group GmbH |
| Am Bahnhof 16 | |
| 68789 St. Leon-Rot | |
| Germany | |
| Internet: | www.slr-gruppe.de |
| ISIN: | NO0013177949 |
| WKN: | A383DP |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt |
| EQS News ID: | 1938083 |
| End of Announcement | EQS News Service |
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1938083 02-Jul-2024 CET/CEST
