EQS-News: SoWiTec group GmbH
/ Key word(s): Annual Results
SOWITEC group: Resurgent business leads to significant sales and earnings growth in fiscal year 2022 As of 31 December 2022, SOWITEC continues to show a very solid balance sheet structure. With a balance sheet total of EUR 109.6 million (31 December 2021: EUR 105.5 million) and balance sheet equity of EUR 80.1 million (31 December 2021: EUR 75.6 million), this results in an equity ratio of 73.1% (31 December 2022: 71.7%). SOWITEC’s target markets are showing sustained growth, which will have a positive impact on business development in 2023, particularly in Germany, Brazil and Colombia. In addition, the situation in Mexico is expected to improve. The first contracts with investors have already been concluded again. In Russia, the full exit will take place this year as planned. All assets have already been fully written off in 2022. Without these write-offs, EBIT would have been EUR 1.5 million higher. Overall, SOWITEC expects significant sales growth and clearly positive earnings before taxes for fiscal year 2023. In addition, the company plans to further expand the base of strategic partners and to enter into national and supra-regional cooperations. The audited consolidated financial statements 2022 are available for download on the company’s website at www.sowitec.com/de/investor.
02.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | SoWiTec group GmbH |
Löherstraße 24 | |
72820 Sonnenbühl | |
Germany | |
Phone: | +49 (0) 7128 3808-0 |
Fax: | +49 (0) 7128 3808-38 |
E-mail: | info@sowitec.com |
Internet: | www.sowitec.com |
ISIN: | DE000A2NBZ21, DE000A30V6L2 |
WKN: | A2NBZ2 , A30V6L |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1694211 |
End of News | EQS News Service |
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1694211 02.08.2023 CET/CEST