Elsoff, 8 December 2023 – Plan Optik AG is expected to close the current 2023 financial year with sales above EUR 13 million and EBITDA above the previous year’s figure of EUR 2,762 thousand. The good business performance in the second half of 2023 follows the high order intake over the course of the year.

For the 2024 financial year, however, we expect a temporary decline in sales with a significant reduction in earnings. Several of our customers recently informed us that they are reducing their inventories. This will lead to one-off shifts in sales. One of the reasons for this is the rise in interest rates, which has increased our customers’ inventory costs, while hardly any price increases are expected. At the same time, inventories are being reduced across all sectors now that material supplies have become more secure again worldwide. This is the main reason why our customers are once again ordering closer to the production date of their products and therefore later than in previous years.

We expect sales and profits to increase significantly again in 2025 once our customers have finished clearing out their inventories and we expect to return to our previously planned growth path. This is because, at the same time as our customers are expected to return to their usual order levels, more of our customers are also likely to start series production based on our components.