Funkwerk records lower sales and profits

The previous year’s figure was characterized by the state subsidy for the conversion of train radios. According to the announcement, the profit was 9.1 million euros after 12.8 million in the same period of the previous year.

After the takeover of the company Hörmann Kommunikation & Netze, the Funkwerk Group according to this information, its sales and earnings forecast for the full year. Group sales of between EUR 130 million and EUR 135 million are expected. However, the company pointed out that the forecast was uncertain due to the environment.

According to Funkwerk, the biggest challenges include supply bottlenecks, supply chain disruptions and price increases, which would be significantly exacerbated by the war in Ukraine. Added to this is the sharp increase in energy prices, which is reflected above all in transport costs.

Source: com! professional by

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