Ekotechnika AG suspends guidance for the 2021/22 financial year

DGAP-Ad-hoc: Ekotechnika AG / Key word(s): Forecast Ekotechnika AG suspends guidance for the 2021/22 financial year 02-March-2022 / 16:05 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Ekotechnika AG suspends guidance for the 2021/22 financial year Walldorf, 2 March 2022 - Ekotechnika AG (primary market; ISIN: DE000A161234) is suspending its forecast for the current 2021/2022 fiscal year (Sept. 30). The reason for this is the currently considerable imponderables with regard to the supply of agricultural machinery and spare parts, as well as the financing options for both the company and its customers arising from the sanctions against Russia as well as Russian countermeasures as a result of the Russia-Ukraine conflict. Ekotechnika's management had previously assumed sales of between 255 and 280 million euros and gross profit of around 45 to 55 million euros. Operating profit (EBIT) had been expected to be between 15 and 20 million euros. The Board of Management will publish an adjusted guidance as soon as largely reliable parameters for adjusting the forecast are available. Contact Ekotechnika AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: [phone] // E: [e-mail] // www.ekotechnika.de Press / Investor Relations Fabian Kirchmann, Anna-Lena Mayer // IR.on AG // T: [phone] // E: [e-mail] 02-March-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Ekotechnika AG
	Johann-Jakob-Astor-Str. 49
	69190 Walldorf
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.ekotechnika.de
ISIN:	DE000A161234
WKN:	A16123
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich
EQS News ID:	1292775

End of Announcement	DGAP News Service

1292775  02-March-2022 CET/CEST