FORTEC Elektronik AG Realigns Executive Management to Address Market Challenges

The Supervisory Board of FORTEC Elektronik AG has resolved to realign the Company's Executive Management to strategically and technologically position FORTEC to sustainably secure its competitiveness in an increasingly dynamic market environment. This follows the ad hoc announcement published on 6 October 2025 regarding personnel changes in the Management Board. The Supervisory Board will conduct a structured process to identify suitable candidates who will further develop the FORTEC Group in a market-oriented manner, setting a clear strategy for the future and a long-term perspective for the coming years.

The Supervisory Board acknowledged Ms. Sandra Maile's many years of service to FORTEC Elektronik AG and wished her well for her professional and personal future. Christoph Schubert, Chairman of the Supervisory Board of FORTEC Elektronik AG, emphasized the company's solid financial foundation with an equity ratio of approximately 72% and net financial assets of just under EUR 20 million as of 31 March 2025. However, he noted that the Company operates in a challenging market environment and has recently had to adjust its forecasts several times. The primary goal is to appoint a new Management Board so that FORTEC regains a clear strategic direction, repositions itself in line with market requirements, and thus lays the foundation for sustainable growth.

During the transition period until new Management Board members take office, Mr. Ulrich Ermel will manage the Company's day-to-day operations. To ensure stability and operational capability of the FORTEC Group during this transition phase, the Supervisory Board will provide him with experienced interim support for the areas previously overseen by Ms. Maile. FORTEC Elektronik AG, founded in 1984 as an international distributor of standard solutions in the field of power supplies, embedded systems and displays, has evolved to offer customer-specific developments and complete system developments. Since April 2020, FORTEC Elektronik AG has served as the holding company responsible for management of the affiliated companies, group strategy and essential parts of the administration, with subsidiaries in Germany, Switzerland, the UK and the USA. The company's shares are traded under ISIN DE0005774103 and WKN 577410, with additional information available at https://www.fortecag.de.