India, April 23 -- STRATEC SE announced that, after reviewing their accounting methods with a new external auditor for the 2024 financial year, it is making changes to how they record development co-operations in their financial reports. The adjustments affect how sales are reported (under IFRS 15) and how intangible assets are recorded (under IAS 38).
The company said it does not expect the adjustment in the accounting method to have any material impact on the sales and pre-tax key earnings figures to be reported for the 2024 financial year. The adjustments will thus have a positive effect on the adjusted EBIT margin in 2024 of 0.2 percentage points. By contrast, the change is expected to produce significantly positive effects for 2023, w...