Board interview Markus Ruf | Börsenradio, 15.12.2022 (only available in German)
Many people sit or drive in Bertrandt technology. The engineering service provider works on a specialist and interdisciplinary basis in the automotive and aircraft industries. CFO Markus Ruf sees a "heterogeneous situation" in the automotive sector, despite or perhaps even because of the imminent end of the combustion engine. A modern model policy also brings opportunities for Bertrandt AG. "Many of our customers are positioning themselves as open to technology," explains Ruf, who does not fear any recessionary effects for his company. In the first quarter of 2022/23, there was a 20% increase in revenue and EBIT of €11.4 million. The overall result is 6.5. "Strong growth in electronics, software and digital engineering." The Group closed fiscal 21/22 with total operating performance of EUR 1 billion. The AGM is on February 22, and the dividend will increase by 215%.
The first quarter of the Bertrandt Group's fiscal year 2022/2023 was positive. The order situation in the automotive sector is stabilizing and an increase in project awards to engineering service providers has been recorded.
Board interview | Börsenradio, 15.12.2022 (only available in German)
"We are currently experiencing a significant upturn in demand," says CFO Markus Ruf. This is also due to higher capacity utilization following project postponements and increased sick leave in the early pandemic years. Corona had an "impact of around 15 million" euros. The megatrends are digitalization, e-mobility and autonomous driving. These impacts, including growing personnel costs (over 1,100 new employees since 2020, for a total of 13,179 worldwide), are hitting the service company harder than rising energy costs and material shortages. The good results also lead to a dividend proposal of 85 cents per share (Annual General Meeting in February 2023). Bertrandt also expects revenue growth of between 60 and 100 million euros in 2022/23.
The Bertrandt Group's business performance in the period under review was characterized by an increase in project awards and a noticeable improvement in capacity utilization compared with the previous year, which was burdened by the pandemic.
Board interview | Börsenradio, 08.08.2022 (only available in German)
"We see a very strong contracting policy from our customer after the Corona lull and therefore raise our guidance after three quarters," says CFO Markus Ruf. Sales are up 17% and operating profit doubles. "We also achieve strong organic growth of 14%!". The megatrends of digitalization, e-mobility and autonomous driving require forward-looking action. "Those who write tomorrow's technology today will have an advantage in success later. In addition, our customers are currently writing surprisingly good figures and earning money." Bertrandt can pass on the increased costs to customers via price escalator clauses and intensive discussions. "With existing contracts, it's a more intensive dialog."
Here you can find the interview in text form (only available in German | finanztrends.de)
Bertrandt was again able to benefit in the third quarter from increased demand for development services, a noticeable rise in project awards and improved capacity utilization in Germany and abroad, despite the fact that the macroeconomic environment has deteriorated compared with the original economic forecasts.
Head of Investor Relations