Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €14.35, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total loss to shareholders of 44% over the past three years. Duyuru • May 31
FORTEC Elektronik AG Confirms Earnings Guidance for Fiscal Year 2025/2026 FORTEC Elektronik AG confirmed earnings guidance for fiscal year 2025/2026. For the full fiscal year 2025/2026, the Management Board continues to expect operating EBIT (adjusted for one-time effects) to be at a break-even or slightly positive level. Reported Earnings • May 28
Third quarter 2026 earnings released: EPS: €0.008 (vs €0.23 in 3Q 2025) Third quarter 2026 results: EPS: €0.008 (down from €0.23 in 3Q 2025). Revenue: €22.2m (flat on 3Q 2025). Net income: €27.0k (down 96% from 3Q 2025). Profit margin: 0.1% (down from 3.3% in 3Q 2025). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Electronic industry in the United Kingdom. Reported Earnings • Mar 28
Second quarter 2026 earnings released: EPS: €0.074 (vs €0.15 in 2Q 2025) Second quarter 2026 results: EPS: €0.074 (down from €0.15 in 2Q 2025). Revenue: €18.7m (up 2.8% from 2Q 2025). Net income: €242.0k (down 51% from 2Q 2025). Profit margin: 1.3% (down from 2.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €12.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total loss to shareholders of 22% over the past year. Upcoming Dividend • Feb 05
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 12 February 2026. Payment date: 16 February 2026. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.3%). Higher than average of industry peers (1.0%). Buy Or Sell Opportunity • Jan 17
Now 21% overvalued Over the last 90 days, the stock has fallen 1.2% to €12.85. The fair value is estimated to be €10.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 128% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €12.85, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Electronic industry in the United Kingdom. Total loss to shareholders of 32% over the past year. Duyuru • Dec 19
FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026 FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026, at 10:00 W. Europe Standard Time. Declared Dividend • Dec 01
Dividend reduced to €0.40 Dividend of €0.40 is 53% lower than last year. Ex-date: 12th February 2026 Payment date: 16th February 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 817x earnings) nor is it covered by cash flows (113% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 90,788% to bring the payout ratio under control. EPS is expected to grow by 110% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 30
First quarter 2026 earnings released: €0.011 loss per share (vs €0.086 loss in 1Q 2025) First quarter 2026 results: €0.011 loss per share (improved from €0.086 loss in 1Q 2025). Revenue: €19.6m (up 12% from 1Q 2025). Net loss: €37.0k (loss narrowed 87% from 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €10.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Electronic industry in the United Kingdom. Total loss to shareholders of 41% over the past year. Duyuru • Oct 23
FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V. FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025. With this step, FORTEC is expanding its presence in the Benelux market and merging Advantec’s activities with those of the recently acquired Nottrot B.V. Prior to the transaction, FORTEC already held a stake of around 36.7% in Advantec Electronics B.V. The Supervisory Board has initiated the process of appointing a new Management Board. Until a new Management Board is appointed – no later than 30 June 2026 – Mr. Ulrich Ermel will continue to manage the company’s affairs and, together with the Supervisory Board, ensure that the company remains capable of acting during the transition phase.
FORTEC Elektronik AG (XTRA:FEV) completed the acquisition of remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025. Duyuru • Jul 11
Fortec Elektronik Ag Revises Group Earnings Guidance for Year 2024-2025 FORTEC Elektronik AG revised group earnings guidance for year 2024-2025. For the year company now expects Group EBIT of between EUR 1.0 million and EUR 2.0 million (previously: EUR 4.0 million to EUR 6.0 million). Reported Earnings • May 29
Third quarter 2025 earnings released: EPS: €0.23 (vs €0.22 in 3Q 2024) Third quarter 2025 results: EPS: €0.23 (up from €0.22 in 3Q 2024). Revenue: €23.6m (up 3.9% from 3Q 2024). Net income: €741.0k (up 4.7% from 3Q 2024). Profit margin: 3.1% (in line with 3Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electronic industry in the United Kingdom. Reported Earnings • Mar 28
Second quarter 2025 earnings released: EPS: €0.15 (vs €0.25 in 2Q 2024) Second quarter 2025 results: EPS: €0.15 (down from €0.25 in 2Q 2024). Revenue: €18.6m (down 8.6% from 2Q 2024). Net income: €497.0k (down 39% from 2Q 2024). Profit margin: 2.7% (down from 4.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €16.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in the United Kingdom. Declared Dividend • Jan 30
Dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 14th February 2025 Payment date: 18th February 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is well covered by cash flows (21% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 150% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Declared Dividend • Jan 13
Dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 14th February 2025 Payment date: 18th February 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is well covered by cash flows (21% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 150% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Declared Dividend • Dec 20
Dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 14th February 2025 Payment date: 18th February 2025 Dividend yield will be 4.6%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is well covered by cash flows (21% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 150% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Duyuru • Dec 18
FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025 FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025, at 10:00 W. Europe Standard Time. Declared Dividend • Dec 04
Dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 14th February 2025 Payment date: 18th February 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is well covered by cash flows (21% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 150% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 01
Full year 2024 earnings released: EPS: €1.63 (vs €2.32 in FY 2023) Full year 2024 results: EPS: €1.63 (down from €2.32 in FY 2023). Revenue: €95.7m (down 9.6% from FY 2023). Net income: €5.30m (down 30% from FY 2023). Profit margin: 5.5% (down from 7.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Sep 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€60.5m market cap, or US$66.7m). Duyuru • May 24
FORTEC Elektronik AG to Report Q3, 2024 Results on May 29, 2024 FORTEC Elektronik AG announced that they will report Q3, 2024 results on May 29, 2024 Duyuru • Mar 23
FORTEC Elektronik AG to Report Q2, 2024 Results on Mar 27, 2024 FORTEC Elektronik AG announced that they will report Q2, 2024 results on Mar 27, 2024 Duyuru • Oct 28
FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024 FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024. Agenda: To consider distributing a dividend of EUR 0.85 per share from the retained earnings of the company as at 30 June 2023. Duyuru • Oct 24
FORTEC Elektronik AG to Report Fiscal Year 2023 Results on Oct 26, 2023 FORTEC Elektronik AG announced that they will report fiscal year 2023 results on Oct 26, 2023