Adval Tech Management AG
Marked improvement of Adval Tech’s most important key figures
Adval Tech Management AG / Key word(s): Half Year Results Ad hoc announcement pursuant to Art. 53 LR on the 2021 half-year results Niederwangen, August 20, 2021, 7.00 a.m. – The Adval Tech Group achieved very good results in the first half of 2021 and significantly improved its most important key figures compared with the first half of 2020. The recovery of the markets in the automotive industry already seen in the second half of 2020 continued in the period under review. With total income1) of CHF 90.4 million (first half of 2020: CHF 61.5 million, +46.9%), the Adval Tech Group posted operating earnings before interest, tax, depreciation and amortization (EBITDA1)) of CHF 9.7 million in the first half of 2021 (first half of 2020: CHF 4.4 million, +118.8%), operating earnings before interest and tax (EBIT1)) of CHF 5.8 million (first half of 2020: CHF 1.3 million, +354.9%) and net profit of CHF 4.3 million (first half of 2020: CHF 0.05 million). The EBITDA margin was 10.7% (first half of 2020: 7.2%) and the EBIT margin amounted to 6.4% (first half of 2020: 2.1%). Although the Adval Tech Group's business was still greatly impacted by the coronavirus pandemic – with lockdowns and other regulations imposed by national governments – in the first half of 2021, Adval Tech was able to avoid taking such drastic measures as it did in 2020 with short-time working at various sites. The recovery of the markets in the automotive industry already seen in the second half of 2020 continued in the period under review. Shortage of raw materials and vendor parts Total income1) Profitability Outlook The Adval Tech Group remains cautious with regard to costs and capital expenditure. It continues to focus on implementing the acquired projects right first time.
1) Alternative Performance Measures, see note 3, page 79 of the Annual Report 2020
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Background information about the Adval Tech Group Download ad hoc announcement
Publication of 2021 semi-annual report
Agenda Except for the historical information contained herein, the statements in this media release are forward-looking statements that involve risks and uncertainties. End of ad hoc announcement |
Language: | English |
Company: | Adval Tech Management AG |
Freiburgstrasse 556 | |
3172 Niederwangen | |
Switzerland | |
Internet: | www.advaltech.com |
ISIN: | CH0008967926 |
Valor: | 896792 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1227850 |
End of Announcement | EQS Group News Service |