Positive business development at ERICH JAEGER in the first quarter of 2023

This fits in well with the general trend within its sister companies: On May 11, 2023, the parent company AdCapital AG reported a positive business development of its subsidiaries in an AdHoc release. AdCapital was able to report positive EBIT for this period, thus reaching EBIT break-even. This pleasing development is due to a reorganization of the holding company, within which the subsidiaries have intensified their sales activities and optimized and stabilized their processes. The outlook for the further business development for the entire year 2023 is also promising: Erich Jaeger GmbH + Co. KG expects a clearly positive EBIT.

JAEGER Group significantly increases order volume

The JAEGER Group has played a major role in this development: in the first quarter of 2023, the automotive supplier based in Friedberg/Hesse was able to increase its order volume by 38% compared to the same period of the previous year. The company is thus systematically expanding its position as one of the global market leaders in the fields of connectors and cables for passenger cars and commercial vehicles.