Bertrandt AG
XETRA:BDT
Bertrandt AG
Bertrandt AG engages in the provision of development solutions for the international automotive and aviation industries. The company is headquartered in Ehingen, Baden-Wuerttemberg and currently employs 12,108 full-time employees. The company provides technical and commercial services throughout Germany in sectors such as electrical engineering, energy, mechanical engineering and medical technology. The Company’s services include all process steps in the project phases of conceptual design, product design, development, modeling, tool production, vehicle construction and production planning right through to start of production and production support. Furthermore, the individual development steps are validated by simulation, prototype building and testing. The Company’s services include: design services, interior, vehicle body, powertrain, chassis, simulation, electronics, modeling/rapid technology, testing and engineering services, among others.
Bertrandt AG engages in the provision of development solutions for the international automotive and aviation industries. The company is headquartered in Ehingen, Baden-Wuerttemberg and currently employs 12,108 full-time employees. The company provides technical and commercial services throughout Germany in sectors such as electrical engineering, energy, mechanical engineering and medical technology. The Company’s services include all process steps in the project phases of conceptual design, product design, development, modeling, tool production, vehicle construction and production planning right through to start of production and production support. Furthermore, the individual development steps are validated by simulation, prototype building and testing. The Company’s services include: design services, interior, vehicle body, powertrain, chassis, simulation, electronics, modeling/rapid technology, testing and engineering services, among others.
Sales: Bertrandt reported Q1 sales of EUR 234 million, which is stable quarter-on-quarter but down 12% year-on-year.
Profitability: EBIT turned positive at EUR 0.2 million, improving from a loss of EUR 2 million a year ago.
Cash Flow: Free cash flow was strongly positive at EUR 47 million, with management expecting strong operating and free cash flow for the full year.
Cost Management: Cost optimization and redundancy programs reduced personnel and other expenses, positively impacting results.
Guidance: Management confirmed guidance for moderate full-year revenue growth, positive EBIT, significantly higher operating cash flow, and midterm margin ambitions of 6%–9%.
Order Intake: The company saw a significant increase in order income and expects a stronger second half, especially Q4.
Diversification: Non-automotive businesses, especially aerospace and defense, are growing and expected to reach up to EUR 300 million in the coming years.
