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Bertrandt ( (DE:BDT) ) just unveiled an update.
Bertrandt AG has revised its fiscal year 2024/2025 forecast due to volatile conditions in the automotive sector, now expecting a significant decline in total sales exceeding 10% compared to the previous year. Despite meeting market expectations for the first half of the year, the company anticipates continued challenges, with significant declines in digital and physical engineering sales, while electric/electronics sales are expected to rise moderately. The ‘Fit for Future’ earnings optimization program is underway, with expected savings of EUR 70-90 million per year to be fully realized by the 2025/2026 financial year.
The most recent analyst rating on (DE:BDT) stock is a Hold with a EUR25.00 price target. To see the full list of analyst forecasts on Bertrandt stock, see the DE:BDT Stock Forecast page.
More about Bertrandt
Bertrandt AG operates in the automotive sector, focusing on providing engineering services and solutions. The company specializes in digital and physical engineering, as well as electric and electronic systems, catering to the evolving needs of the automotive industry.
Average Trading Volume: 13,544
Technical Sentiment Signal: Sell
Current Market Cap: €200.7M
For an in-depth examination of BDT stock, go to TipRanks’ Stock Analysis page.