Company Announcement no. 7/2024
CEO
"We continue to predict nervous markets in 2024 due to high interest rates and a continued uncertain geopolitical situation. Inflation rates are approaching a more normal level in
We will invest significantly in business development during 2024 to get
As part of
Financial highlights for the period 1 January -
TDKK | Q1 2024 | Q1 2023 | Change |
Revenue | 17,985 | 18,137 | -1% |
EBITDA | 1,838 | 1,810 | 2% |
EBITDA-margin (%) | 10.2% | 10.0% | 2% |
Pre-tax profits (EBT) | 1,251 | 1,216 | 3% |
Equity | 19,636 | 16,560 | 19% |
Cash holdings | 3,420 | 6,962 | -51% |
EBITDA-margin improved during Q1 2024
- Revenue was TDKK 17,985 during Q1 2024, down by 1% compared to Q1 2023.
- EBITDA was TDKK 1,838 in Q1 2024, an increase of 2% compared to Q1 2023.
- The EBITDA margin for Q1 2024 was 10.2%, an increase of 2% compared to Q1 2023.
- Pre-tax profit was TDKK 1,251 in Q1 2024, up by 3% compared to TDKK 1,216 during Q1 2023.
- Equity was TDKK 19,636 end of Q1 2024, up by 19% compared to Q1 2023. The equity ratio was 59% end of Q1 2024, up from 55% end of Q1 2023.
- Cash holdings were TDKK 3,420 end of Q1 2024, down by 51% from Q1 2023. This decrease in cash position is primarily due to a cash position beginning of 2024 lower by
DKK 2.6m compared to beginning of 2023 due to significant investments in 2023. Cash from operating activities was TDKK 1,401.
Financial expectations for 2024
The Board of Directors still sees and expects a cautious market sentiment from
- Organic Revenue for 2024 is expected in the range of
DKK 74.0m - 78.0m, a growth of 5% - 11% compared to 2023. - EBITDA for 2024 is expected in the range of
DKK 6.5m - 7.5m, a growth of 3% - 19% compared to 2023.
Further information
Kent Mousten Sørensen , Chairman,Wirtek A/S , Phone: +45 2125 9001Michael Aaen , CEO,Wirtek A/S , Phone: +45 2529 7575, E-mail: ir@wirtek.com
Niels Jernes Vej 10, 9220Aalborg, Denmark , www.wirtek.comGrant Thornton , Certified Advisor, Phone: +45 3311 0020
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https://news.cision.com/wirtek-a-s/r/interim-report-q1-2024--revenue-growth-of-82--in-energy,c3981706
https://mb.cision.com/Main/20966/3981706/2797726.pdf
https://mb.cision.com/Public/20966/3981706/86a03867571c2926.pdf
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