EQS-Adhoc: Endor AG specifies its revenue guidance and adjusts its earnings guidance

Landshut, October 24, 2023 – Endor AG ("Endor") specifies its revenue forecast and adjusts its earnings forecast for the current fiscal year. This is based on production delays due to a later than planned licensing of several products as well as higher transportation costs to achieve product availability and, based on this, an updated outlook for the fourth quarter of 2023.

The Endor Management Board expects consolidated revenues for 2023 to be in a range of EUR 105-115 million (previously: EUR 105-125 million) and the EBITDA margin to be in an expected mid-single-digit percentage range (previously: lower double-digit percentage range).

Although revenues in the third quarter were very positive at EUR 23.4 million (previous year: EUR 20.1 million) excluding special effects and with a significantly higher number of new customers, the license-related delays will lead to a later availability of goods in the important fourth quarter of 2023

Notifying person:

András Semsey, CFO