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Q1 23/24 Bertrandt more revenues and earnings - CFO Ruf - "Supportive market environment in a challenging global market"

Interview with Management Board member Markus Ruf | Börsenradio, 14.02.2024 (only available in German)

Bertrandt AG, the leading provider in the automotive engineering sector, is benefiting from a favourable market environment and megatrends such as e-mobility and digitalization. In the first quarter of fiscal 2023/24, Bertrandt increases revenues by 10% to EUR 308 million. EBIT climbs by 17%, EPS by a quarter. Full-year forecast confirmed. "Despite uncertainties in the field of e-mobility, the German automotive industry is still keen to invest," says Markus Ruf, CFO, "Bertrand AG remains open to technology and supports customers in all areas." The German automotive industry plans to invest around EUR 280 billion in new technologies and vehicles by 2028. Good for development service providers, especially because Bertrandt, as market leader, wants to grow faster than the market. "We are very well positioned in this respect and have aligned ourselves with the megatrends at an early stage."

Bertrandt Vorstandsmitglied Markus Ruf
Bertrandt Geschäftsbericht Konzernbilanz

Bertrandt publishes report on 1st quarter of 2023/2024

Engineering service provider Bertrandt benefited in the first quarter of fiscal 2023/2024 from a conducive market climate for research and development in its customer industries. More project awards also contributed favourably to the company’s development, enabling it to increase total revenues by 10.0 per cent to EUR 308.398 million in the period under review.

Press release

Financial reports

A look inside the engine compartment: Record 2022/23 at Bertrandt with total revenues of EUR 1.16 billion

Interview with Management Board member Markus Ruf | Börsenradio, 14.12.2023 (only available in German)

"Our engineers are always a step ahead of the future." And that with a global presence and an undiminished urge to play and tinker. However, caution is required when using AI, because "we have a confidentiality agreement with all our customers". A look into the engine compartment of Bertrandt's balance sheet 22/23: record performance! The engineering service provider's total operating performance rose by almost 15% to a record figure of EUR 1.16 billion. And earnings per share climbed by +44% to EUR 3.01. Net profit up 40%: Bertrandt increases dividend significantly. Bertrandt intends to increase its dividend significantly following a disproportionate rise in profits in the past financial year. Shareholders are to receive EUR 1.20 per share after EUR 0.85 in the previous year.

Markus Ruf Mitglied des Vorstands Finanzen
Bertrandt Geschäftsbericht Konzernbilanz

Report on fiscal year 2022/2023

The engineering services provider Bertrandt benefited from significant research and development investment by the customer industries in the 2022/2023 fiscal year. As a result, Bertrandt’s total revenues grew by 14.7 per cent to a record high of close to EUR 1.16 billion. EBIT also developed positively and came to EUR 50.1 million in the reporting period. The company expects further growth in total revenues and an improvement in profitability for the 2023/2024 fiscal year.

Press Release

Financial Reports

Quarter 3 2022/23: Bertrandt grows dynamically - CFO Ruf: "R&D expenses are a success factor for tomorrow and the day after tomorrow"

Interview with Management Board Member Markus Ruf | Börsenradio, 07.08.2023 (only available in German)

Growth problems in the automotive industry? Not at engineering service provider Bertrandt! CFO Markus Ruf after Q3: "Our customers are consistently investing in the transformation process. New models, electromobility, megatrends digitization." This is reflected in higher R&D spending and, in fact, more revenue for Bertrandt. Revenue after three quarters is up 16% to €860 million. Operating profit rises by a quarter to 32.7 million, after taxes even by more than 50 %. To meet the high demand, Bertrandt has already hired more than 1,000 new employees this fiscal year. "We develop the products of tomorrow and the day after tomorrow." Customers from the automotive, mechanical engineering, aerospace and healthcare industries are now putting their money where their mouth is. "R&D spending is a success factor."

Bertrandt Vorstandsmitglied Markus Ruf
Verschiedene Finanzkennzahlen übereinandergelegt

Report on 3rd quarter of 2022/2023

Despite challenging conditions in the reporting period, the group benefited from increased demand for engineering services and successful project acquisition. Bertrandt continued to press ahead with its internationalisation.

Press Release

Financial Reports

Half-year figures 2022/23: Engineering services very much in demand, Bertrandt AG additional growth 100 to 150 million in revenue

Board interview Markus Ruf  |  Börsenradio, 11.05.2023 (only available in German)

"The German automotive industry invests around 50 billion euros a year in research and development." Money from which the engineering service provider Bertrandt also benefits. The 2022/23 half-year figures: total output increased by 17.6% to over 573 million euros. The forecast of expected growth was adjusted, it is now between 100 to 150 million euros (previously 60 to 100 million euros). "Bertrandt works across all disciplines for all automotive manufacturers in Germany," CFO Markus Ruf said in an interview. One driver: e-mobility. The combustion engine, however, will continue to run in parallel for a while. Zero-emission flying is another topic that keeps Bertrandt's more than 13,000 employees busy.

Bertrandt Vorstandsmitglied Markus Ruf
Bertrandt Geschäftsbericht Konzernbilanz

Report on first half of fiscal 2022/2023

Engineering service provider Bertrandt enjoyed a successful first half year 2022/2023, benefiting from increased demand for engineering services and successful project acquisition.

Press Release

Financial Reports

Q1 2022/23 Bertrandt AG: "No recessionary impact" -
Revenue up 20 % | Dividend up 215 %

Board interview Markus Ruf  |  Börsenradio, 15.02.2023 (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%.

Bertrandt Vorstandsmitglied Markus Ruf
Bertrandt Geschäftsbericht Konzernbilanz

Report on 1st quarter 2022/2023

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. 

Press Release

Quarterly Report

Bertrandt annual figures: Total over 1 billion  "We are currently experiencing a significant upturn in demand"  Digitalization as a megatrend

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.

Verschiedene Finanzkennzahlen übereinandergelegt
Bertrandt Geschäftsbericht Konzernbilanz

Annual report 2021/2022

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.  

Annual Report

Press Release

Bertrandt raises forecast after strong three quarters - CFO Ruf: "Our customers are posting strong figures!"

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 Vorstandsmitglied Markus Ruf