30.04.2020 H&R GmbH & Co. KGaA  DE000A2E4T77

DGAP-Adhoc: H&R GmbH & Co. KGaA: Preliminary figures for 1st quarter 2020 published


DGAP-Ad-hoc: H&R GmbH & Co. KGaA / Key word(s): Quarter Results
H&R GmbH & Co. KGaA: Preliminary figures for 1st quarter 2020 published

30-Apr-2020 / 21:06 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.

Insider information pursuant to Article 17 of the Market Abuse Regulation [MAR]

Preliminary business results for the 1st quarter 2020

H&R GmbH & Co. KGaA: Preliminary figures for 1st quarter 2020 published

- EBITDA reaches EUR 10.7 million

- Sales of EUR 259.4 million below prior-year quarter

- Increased performance compared to final quarter 2019

Salzbergen, Germany, April 30, 2020. H&R GmbH & Co. KGaA (abbrev.: H&R KGaA; DE000A2E4T77) recorded a lower than prior year operating income of EUR 10.7 million (Q1/2019: EUR 20.1 million) in the first quarter of 2020 (EBITDA - Consolidated income before tax, other financial income and expenses and depreciation/amortization, impairment and appreciation of fixed assets and property, plant and equipment) according to preliminary calculations. In comparison to the previous quarter (Q4/2019: EBITDA EUR 8.1 million), however, the start of the year showed a recovery of more than 30.0 %. EBIT amounted to EUR -2.0 million (Q1/2019: EUR 9.4 million), earnings before taxes (EBT) EUR -3.7 million (Q1/2019: EUR 7.3 million). All in all, net earnings to shareholders amounted to EUR -4.7 million (Q1/2019: EUR 5.1 million). Here, too, earnings showed a noticeable improvement compared to the final quarter of 2019 (Q4/2019: consolidated earnings of shareholders EUR -5.5 million).This figure was achieved with sales of EUR 259.4 million. This is around 9.3 % less than in the previous year (Q1/2019: EUR 286.1 million). The main reason for this - especially towards the end of the quarter - was the lower purchase volumes as a result of the Corona lockdown. By contrast, the prices for the purchased goods remained largely at an adequate level.

Cash flow positive in Q1/2020

Despite a negative consolidated income and a higher net working capital demand, the operating cash flow closed positively with EUR 2.9 million (Q1/2019: EUR 43.6 million). Based on this lower figure, free cash flow finished at EUR -22.2 million, partly due to trailing costs of some projects already completed in the previous year (Q1/2019: EUR 25.4 million).

Sales volumes show first impact from Corona pandemic

In the first quarter of 2020, the refineries of the REFINING segment sold lower volumes than in the previous year. At the same time, sales revenues declined in the course of the quarter as a result of the massive drop in raw material prices. Revenues decreased accordingly to EUR 170.7 million (Q1/2019: EUR 183.6 million). On the earnings side, the lower raw material costs led to negative valuation effects (windfall losses), which should offset over the course of the year, but impacted our earnings in the first quarter of 2020. On the positive side, however, it was noted that product prices were overall solid and customers rewarded a guaranteed delivery and H&R's reliability in the face of the Corona crisis. The segment's EBITDA closed at EUR 5.0 million (Q1/2019: EUR 13.4 million). The international sites of our SALES segment also decreased in sales revenues (EUR 80.2 million, compared to EUR 93.8 million in Q1/2019), but despite the global economic challenges remained only slightly behind the previous year in operating profit: However, prices remained under pressure, with the result that the operating result fell slightly short of the previous year as a result of the global economic challenges: Instead of EUR 7.0 million, EBITDA of EUR 6.7 million was achieved in the first quarter of 2020. The PLASTICS segment achieved an almost balanced EBITDA of EUR -0.1 million (Q1/2019: EUR 0.1 million). Here, too, sales remained almost on the same level, with EUR 11.0 million compared to EUR 11.5 million. Nevertheless, in the first quarter of 2020 the segment clearly felt the current weakness of the automotive industry and its temporary closures in the wake of the Corona pandemic.

Solid equity position

Balance sheet total decreased to EUR 811.2 million at the end of the first quarter of 2020 (Dec. 31, 2019: EUR 838.6 million). The Group's equity totaled at EUR 357.9 million at the balance sheet date (Dec. 31, 2019: EUR 363.4 million). Equity ratio amounted to 44.1 % (Dec. 31, 2019: 43.3 %).

For a complete presentation of business performance including segment reporting and the quarterly financial statements, H&R KGaA refers to the quarterly statement 1/2020 to be published on 15 May 2020.

H&R GmbH & Co. KGaA, Head of Investor Relations / Communication, Ties Kaiser
Neuenkirchener Straße 8, 48499 Salzbergen
Phone.: +49 40 43218-321, Fax: +49 40 43218-390
Mail: [email protected]

H&R GmbH & Co. KGaA:
H&R KGaA is a specialty-chemicals company listed on the Frankfurt Stock Exchange's Prime Standard segment. It develops and manufactures crude-oil-based chemical and pharmaceutical specialty products and produces high-precision plastic parts.

Forward-looking statements and forecasts:
This insider information pursuant to Article 17 of the Market Abuse Regulation [MAR] contains forward-looking statements. The statements are based on the current estimates and forecasts by the Management Team and the information available to it at this time. These forward-looking statements do not provide any warranty for the future developments and results contained therein. The future developments and results are dependent on a number of factors; they entail various risks and contingencies and are based on assumptions which could prove to be incorrect. We do not assume any responsibility for updating the forward-looking statements contained in this insider information pursuant to Article 17 of the MAR.

30-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: H&R GmbH & Co. KGaA
Neuenkirchener Str. 8
48499 Salzbergen
Phone: +49 (0)40 43 218 321
Fax: +49 (0)40 43 218 390
E-mail: [email protected]
Internet: www.hur.com
ISIN: DE000A2E4T77
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1034681

End of Announcement DGAP News Service

1034681  30-Apr-2020 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 982,91 942,65 1.025,11 1.114,15 1.075,32 873,03 1.150,00
EBITDA1,2 86,00 101,40 97,39 74,70 52,90 55,72 126,50
EBITDA-Marge3 8,75 10,76 9,50 6,70 4,92 6,38 11,00
EBIT1,4 48,89 54,16 54,29 40,17 7,40 -0,35 72,00
EBIT-Marge5 4,97 5,75 5,30 3,61 0,69 -0,04 6,26
Jahresüberschuss1 27,26 39,29 29,50 22,32 0,08 -7,83 40,00
Netto-Marge6 2,77 4,17 2,88 2,00 0,01 -0,90 3,48
Cashflow1,7 56,43 75,45 46,19 23,32 95,86 60,15 95,00
Ergebnis je Aktie8 0,77 1,07 0,88 0,59 -0,04 -0,24 1,05
Dividende8 0,00 0,00 0,40 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Warth & Klein Grant Thornton

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2E4T7 6,860 Kaufen 255,34
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
7,62 11,88 0,64 29,70
0,71 4,25 0,22 3,45
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,00 0,00 0,00 09.07.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2021 13.08.2021 12.11.2021 07.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-20,60% -14,41% 25,41% 26,80%
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