Bertrandt AG's fiscal year began in October 2023 under tense geopolitical and challenging global economic conditions. Since the beginning of the second quarter, the Group has observed reduced demand for capacity, which has had a temporary negative impact on the Company's capacity utilization. As a result, growth in total revenues slowed to three percent to EUR 921.6 million after three quarters in the 2023/2024 financial year.
After a positive development in the first quarter of fiscal 2023/2024, Bertrandt has been faced with changed market conditions – considered to be temporary – since the beginning of the second quarter. Despite the current challenges, the engineering services provider increased its total revenues by around 9 per cent to EUR 626.890 million in the first half of its fiscal year 2023/2024 (HY1 2022/2023: EUR 573.135 million).
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.
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.
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