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Annual Report 2023/24

GlobeNewswire LogoGlobeNewswire10h ago

Annual Report 2023/24 - GlobeNewswire

Quick Summary:

Financial highlights for 2023/24 Revenue reached DKK 498 million (outlook DKK 500-510 million)EBITDA reached DKK 3 million (outlook DKK 0-10 million)EBIT reached DKK -34 million (outlook DKK -40 to -30 million) 2023/24 was characterized by a lower demand than expected, particularly in the Enterprise and ProAudio sectors, due to high customer inventory levels and a shift back to shorter ordering cycles.

CEO Peter Røpke in a comment to the annual report:"The year did not turn out as expected as customers continued to hold high levels of inventory in a market characterized by uncertainty and lack of visibility.

We continue to leverage our wireless expertise to drive revenue as an ODM/OEM supplier under long-term framework agreements with customers in the Enterprise, ProAudio, and Healthcare segments, while advancing our strategic shift towards a more scalable product- and solution-based business model.

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Article Details

Author / Journalist: RTX A/S

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 10:01:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 849 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23917025

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 37 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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