Recovery of order intake should support growth in FY24e Topic: After a temperate demand from customers in the last fiscal year, FY24e looks more encouraging. With several promising projects in the pipeline, signaled by a strong order intake of € 33m in the first quarter (vs. € 43m in entire FY23), we expect better results for FY24e.  [ … ]

Uninspiring FY23 results, positive outlook for FY24e; chg. est. Topic: Singulus reported uninspiring FY23 figures with top- and bottom-line below the company’s guidance and our estimates. More importantly, FY24 could feature significant sales and EBIT growth. FY23 sales decreased 17% yoy to € 73m (eNuW: € 77m), missing the in  [ … ]

Positive outlook after a challenging 2023 Topic: Singulus looks back at a difficult FY23 due to project postponements and cyclical weakness. Nevertheless, there is sun behind the clouds and FY24e looks more promising. During the first 9M of FY23, the Solar segment showed weakness in order intake due to postponements of larger projects. Howeve [ … ]

Discouraging Q3 results due to project postponements; chg. Topic: Singulus reported disappointing Q3 results below expectations. Sales decreased 39.5% yoy down to € 14.1m (eNuW: € 22.0m) and EBIT came in at € -4.9m (eNuW: € -0.4m). Although we don’t have audited figures on the operating segments, the management gave  [ … ]