ALZCHEM GROUP AG AlzChem Group AG raises forecast 2021 due to very positive business development

Transparency directive : regulatory news

15/07/2021 18:31

DGAP-Ad-hoc: AlzChem Group AG / Key word(s): Change in Forecast
AlzChem Group AG raises forecast 2021 due to very positive business development

15-Jul-2021 / 18:31 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.

AlzChem Group AG raises forecast 2021 due to very positive business development

Trostberg, July 15, 2021 - Based on preliminary figures, AlzChem Group AG recorded a very positive business development in the first half of 2021 that was significantly above plan. Group sales improved year-on-year from EUR 197.3 million to EUR 215.3 million. This was due to the stronger than expected recovery in the automotive and steel industries, as well as very good sales successes in dietary supplements and renewable energies. Due to the strong focus of customers on a European supply chain, AlzChem was able to take advantage of additional business opportunities with its broad product portfolio.

Despite highly volatile raw material markets, significantly rising electricity and CO₂ certificate costs, and an unfavorable USD exchange rate, earnings before interest, taxes, depreciation and amortization (EBITDA) rose to a record level of EUR 35.7 million (previous year: EUR 29.1 million). Consequently, the EBITDA margin increased to 16.6% (previous year: 14.8%). The equity ratio was 22.4% as of June 30, 2021 (December 31, 2020: 19.4%).

Due to the very positive business development in the first half of 2021, AlzChem Group AG is raising its forecast for the full year 2021 as follows:

Key figure	2020	Original forecast 2021	New forecast 2021
Sales	EUR 379.3 million	slightly increasing to increasing (up to EUR 400 million)	Significantly to strongly increasing (up to EUR 415 million)
EBITDA	EUR 53.8 million	stable to slightly increasing (up to EUR 57 million)	Significantly to rapidly increasing (up to EUR 64 million)
EBITDA margin	14.2%	slightly declining to stable	stable to slightly increasing
Inventory ratio	19.0%	very slightly increasing to stable	slightly to noticeably decreasing
Equity ratio	19.4%	stable to slightly increasing	moderately to slightly increasing

The new forecast is based on the assumption that the economic recovery will continue unchanged, that there will be no negative impact on the raw material pipeline, and that there will be no more severe restrictions due to the Corona pandemic in the second half of 2021.

The detailed half-year financial report 2021 will be available for download on the website www.alzchem.com under Investor Relations/Publications/Financial Reports on Thursday, August 5, 2021.

Contact:
Sabine Sieber
Head of Investor Relations & Communications

15-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	AlzChem Group AG
	Dr.-Albert-Frank-Str. 32
	83308 Trostberg
	Germany
Phone:	+498621862888
Fax:	+49862186502888
E-mail:	ir@alzchem.com
Internet:	www.alzchem.com
ISIN:	DE000A2YNT30
WKN:	A2YNT3
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart
EQS News ID:	1219391


End of Announcement	DGAP News Service

1219391 15-Jul-2021 CET/CEST

ALZCHEM GROUP AG's latest news

07/05/2024 16:21

ALZCHEM GROUP AG AlzChem Group AG raises forecast 2021 due to very positive business development

Transparency directive : regulatory news

ALZCHEM GROUP AG's latest news

Other stories