15.05.2018
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DGAP-News: AlzChem Group AG: AlzChem with first quarter earnings growth of 12.3%; forecast for 2018 confirmed
DGAP-News: AlzChem Group AG / Key word(s): Quarterly / Interim Statement
AlzChem Group AG: AlzChem with first quarter earnings growth of 12.3%;
forecast for 2018 confirmed
15.05.2018 / 06:34
The issuer is solely responsible for the content of this announcement.
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AlzChem with first quarter earnings growth of 12.3%; forecast for 2018
confirmed
* Sales rose 3.7% to from the previous year to EUR 94.5 million
* EBITDA of EUR 15 million around 12% higher than the last year; EBITDA
margin at approx. 16%
* Ground broken on new CreAMINO(R) [1] production plant in Trostberg in
March 2018
* Forecast confirmed for 2018 as a whole
Trostberg, May 15, 2018 - AlzChem Group AG (WKN: A0AHT4), a vertically
integrated specialty chemicals supplier with a leading market position in
selected niche markets, achieved significant year-on-year sales and earnings
growth in the first quarter of 2018. Sales increased by 3.7% to EUR 94.5
million, earnings before in-terest, taxes, depreciation and amortization
(EBITDA) rose by 12.3% to EUR 15.1 million. The AlzChem Group was also able
to increase its profitability: the EBITDA margin increased by 1.2
per-centage points year-on-year to 15.9%.
The Specialty Chemicals segment in particular contributed to the positive
sales development, with growth more than compensating for the slight decline
in sales in the other segments. AlzChem also benefited from market growth in
Europe and Asia. As in the previous year, demand continued to grow at a very
high level.
Ulli Seibel, CEO of AlzChem, comments: "We are extremely satisfied with the
development in the first quarter and are confident about the course of
business for the rest of the fiscal year. All product groups in our
Specialty Chemicals segment contributed to this positive result. We were
right on schedule with the groundbreaking ceremony for the new CreAMINO(R)
production plant and current construction in Trostberg is progressing as
planned. We are also on track in our Basics & Intermedi-ates segment with
plans to expand our nitrile plants. The groundbreaking ceremony for this
will take place in the summer of this year. We believe we are well
positioned across all segments to continue growing in the future."
Based on the company's performance in the first quarter of 2018 and the
general market situation, AlzChem can confirm its forecast for 2018 and
continues to expect sales growth in the mid single-digit percentage range as
well as a EBITDA of EUR 49 to 54 million.
Segment performance in the first quarter of 2018
Unit 1st quarter 1st quarter Delta
2017 2018
Sales EUR 91,161 94,522 3,361
thousands
Specialty EUR 48,745 53,917 5,172
Chemicals thousands
Basics & EUR 35,660 34,155 -1,505
Intermediates thousands
Other & Holding EUR 6,772 6,450 -322
thousands
EBITDA EUR 13,408 15,057 1,649
thousands
Specialty EUR 10,945 12,649 1,704
Chemicals thousands
Basics & EUR 2,179 1,060 -1,119
Intermediates thousands
Other & Holding EUR -570 759 1,329
thousands
EBITDA margin % 14.7 15.9 1.2%
points
Specialty % 22.5 23.5 1.0%
Chemicals points
Basics & % 6.1 3.1 -3.0%
Intermediates points
Other & Holding % -8.4 11.8 20.2%
points
About AlzChem Group AG
AlzChem Group AG is a vertically integrated manufacturer of various chemical
products based on the NCN chain. These are products with typical
nitrogen-carbon-nitrogen bonding that are used in a wide variety of
different industries. The company has a leading position in select niche
markets, including the markets for feed additives and food supplements. The
strategic focus of growth and the main focus of its extensive research and
development are on the business segment Specialty Chemicals. The company has
around 1,500 employees at four sites in Germany and three other sites
abroad.[1] CreAMINO(R) is a brand of Evonik Industries AG.
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15.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: AlzChem Group AG
Dr.-Albert-Frank-Str. 32
83308 Trostberg
Germany
Phone: +498621862888
Fax: +49862186502888
E-mail: [email protected]
Internet: www.alzchem.com
ISIN: DE000A0AHT46
WKN: A0AHT4
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Stuttgart
End of News DGAP News Service
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685521 15.05.2018
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