EQS-Adhoc: OTI Greentech AG: OTI Greentech AG gets off to a positive start in 2024
Source: EQS
EQS-Ad-hoc: Publication of inside information pursuant to Article 17 MAR The results for the first months of 2024 indicate a significant improvement in operating profitability in the current year.
End of Inside Information Information and Explanation of the Issuer to this announcement: Explanatory part: This improvement in earnings was achieved through further operational cost optimization on the one hand and an improvement in the gross margin on the other. Operating revenue in the first quarter of 2024 was 11% lower than in the same quarter of the previous year. The main reason for the decline in revenue is a contract amendment with KMI's main customer. In anticipation of this potential change, KMI has already successfully focused on high-margin specialty products. In "The trend continues to point upwards. Our focus on profitability and operational performance is now delivering initial results. We are pleased with this development and see further increasing profitability in our operating subsidiaries. More intensive cooperation among these subsidiaries opens up a broader range of applications for our products and services," explains Dr. Contact:
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Language: | English |
Company: | |
Friedrichstraße 79 | |
10117 |
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Phone: | +49 30 887 865 62 |
Fax: | +49 30 690 884 88 |
E-mail: | info@oti.ag |
Internet: | www.oti.ag |
ISIN: | DE000A2TSL22 |
WKN: | A2TSL2 |
Listed: | Regulated Unofficial Market in |
EQS News ID: | 1906033 |
End of Announcement |
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1906033 17-May-