EQS Group AG revised earnings guidance for the year 2023. The group continues to pursue a profitable growth course. The current increase of expectations underlines the successful implementation of this strategy.

Numerous measures to increase productivity and strengthen competitiveness are now taking effect across global site portfolio. Product mix shifts have also contributed to this. As a result, the company are raising guidance for EBIT before currency effects in fiscal 2023 to EUR 26 million - EUR 29 million (previously: EUR 23 million - EUR 26 million; fiscal 2022: EUR 27.5 million).

The more optimistic earnings outlook, together with the longer payment terms on the supplier side already explained in the half-year financial report, should lead to positive free cash flow in the mid-single-digit million euro range (previously: negative free cash flow in the mid-single-digit million euro range; fiscal 2022: EUR -5.8 million).