Alzchem Group AG
AlzChem Group AG posts sales and earnings for the first nine months of 2019 at previous year’s level
DGAP-News: AlzChem Group AG
/ Key word(s): Quarterly / Interim Statement/9 Month figures
AlzChem Group AG posts sales and earnings for the first nine months of 2019 at previous year’s level
On the earnings side, AlzChem successfully passed on significant cost increases (including for raw materials and personnel) through price adjustments (+3.0%). In addition, the product portfolio was further developed towards more complex and thus more high-priced products. Overall, AlzChem achieved earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 41.4 million (9M 2018: EUR 41.3 million), equivalent to an EBITDA margin of 14.4% (9M 2018: 14.4%). Consolidated net income for the period amounted to EUR 17.0 million, compared with EUR 20.4 million in the previous year. This was due to high extraordinary additions to pension provisions due to sharply falling interest rates. For 2019 as a whole, AlzChem is forecasting consolidated sales of between EUR 375.0 million and EUR 385.0 million (2018: EUR 375.2 million) and adjusted EBITDA of between EUR 46.5 million and EUR 51.9 million (2018: EUR 49.4 million). The detailed quarterly statement is available for download on the website www.alzchem.com under Investor Relations/Publications/Financial Reports. About AlzChem
14.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | 912649 |
End of News | DGAP News Service |