Company Announcements

STRATEC REPORTS PRELIMINARY BUSINESS RESULTS FOR 2024, PROVIDES GUIDANCE FOR 2025, AND POSTPONES 2024 ANNUAL REPORT

Birkenfeld, April 23, 2025

STRATEC SE, Birkenfeld, Germany, (Frankfurt: SBS; Prime Standard, SDAX) hereby announces that, following joint analysis with the external auditor appointed for the first time for the 2024 financial year, it is making an adjustment in accordance with IAS 8 (Accounting Policies, Changes in Accounting Estimates and Errors) to the accounting method used to recognize development cooperations in the consolidated financial statements. This particularly affects the recognition of sales in accordance with IFRS 15 and the capitalization of intangible assets pursuant to IAS 38. Based on the information currently available, STRATEC does not expect this adjustment in the accounting method to have any material impact on the sales and pre-tax key earnings figures to be reported for the 2024 financial year. The adjustments will thus have a positive effect on the adjusted EBIT margin in 2024 of 0.2 percentage points. By contrast, the change is expected to produce significantly positive effects for 2023, with a corresponding retrospective adjustment to sales and key earnings figures.

Accounting for the new method and based on the current audit status, consolidated sales for the 2024 financial year are expected to amount to € 257.7 million. A figure of around 12.8% is expected for the adjusted EBIT margin. The cash flow from operating activities for the 2024 financial year should amount to € 47.2 million. Using the previous accounting method, on which the financial guidance was based (2023 sales: € 261.9 million), the targets most recently communicated for the 2024 financial year (sales to remain stable or decrease slightly at constant currency; adjusted EBIT margin of 10% to 12%) were therefore met or exceeded.

Based on current orders and customer order forecasts and taking due account of the new accounting method, STRATEC expects its consolidated sales for the 2025 financial year to grow in a low to medium single-digit percentage range on a constant-currency basis. Based on preliminary calculations, sales in the first quarter of 2025 will amount to around € 60 million. The company is forecasting a value of 10.0% to 12.0% for its adjusted EBIT margin in the 2025 financial year. The implicit reduction in the margin is attributable to the earnings contributions received in the previous year from higher-margin development and services. These are expected to be lower in the 2025 financial year.

The increased auditing input resulting from the change of external auditors and additional time required for the operative implementation of the aforementioned accounting method, which affects numerous aspects of the company’s core accounting, will lead to a further postponement in the publication date for the 2024 Annual Report by a few weeks. STRATEC expects to be able to publish its Annual Report in the second half of May 2025 and its Quarterly Statement Q1|2025 at the latest by May 30, 2025. Based on current planning, the 2025 Annual General Meeting will now be held in the final week of June.

FURTHER INFORMATION IS AVAILABLE FROM:
STRATEC SE
Jan Keppeler | Investor Relations, Sustainability & Corporate Communications
Tel: +49 7082 7916-6515
ir@stratec.com
www.stratec.com