Positive outlook for new fiscal year 2022/23 despite high degree of uncertainties
Due to the positive development of business and the high volume of orders, the Company is looking ahead to fiscal year 2022/23 with optimism. On the other hand, macroeconomic and political uncertainties, such as the tension in the global supply chains, the high inflation rate, China’s COVID Policy and the war between Russia and Ukraine continue to persist. For Q1 2022/23, the EBIT margin is expected to fall significantly short of the prior year’s figure, due among other things to the widespread lockdown situation in China and a weaker product mix as well as rising operating costs. Assuming that the above-mentioned risk factors do not worsen further in the course of the year, however, revenue growth for fiscal year 2022/23 is expected to be at least as high as market growth, with an EBIT margin of around 19 to 21%. Cost increases from expansion of the workforce, wage settlements and the supply chains may cause additional burden.
In the medium term, the EBIT margin is expected to establish itself at a level sustainably above 20%. The rising proportions of recurring revenue are making a positive contribution to this. Conversely, planned strategic investments in Research & Development and Sales & Marketing remain high.