EQS-Adhoc: Alzchem Group AG raises EBITDA forecast into the range of EUR 80 million for fiscal year 2023 despite slightly lower sales expectation

Mittwoch, 18.10.2023 16:23 von DGAP - Aufrufe: 164

EQS-Ad-hoc: Alzchem Group AG / Key word(s): Change in Forecast Alzchem Group AG raises EBITDA forecast into the range of EUR 80 million for fiscal year 2023 despite slightly lower sales expectation 18-Oct-2023 / 16:23 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Alzchem Group AG is significantly raising its earnings forecast for the fiscal year 2023 despite a slightly lower sales expectation. Group EBITDA is expected to grow to approximately EUR 80 million (original forecast: up to EUR 70 million). Group sales are expected to be at or slightly below the previous year’s level of EUR 542.2 million; this is slightly below the most recent forecast.

The higher earnings forecast is based primarily on the very positive development of the high-margin specialty chemicals business. Particularly noteworthy in this respect are the products from the Human Nutrition (Creapure^®) and Animal Nutrition (Creamino^®) businesses, as well as the guanidine salts (nitroguanidine).

The forecasts for fiscal year 2023 made in the consolidated financial statements as of 31 December 2022 and last specified in July 2023 are therefore adjusted overall as follows:

	2022	Original forecast 2023 (according to last specification)	Adjusted forecast 2023
Group sales	EUR 542.2 million	Slightly growing	At previous year’s level or slightly below
Adjusted EBITDA^*	EUR 61.4 million	Up to EUR 70 million	Strongly growing to approx. EUR 80 million
Adjusted EBITDA margin^*	11.3%	Up to 12%	Noticeably growing
Inventories	EUR 122.4 million	Stable	Slightly to significantly decreasing
Inventory intensity (previously inventory ratio)	22.6%	Stable	Slightly to significantly decreasing
Equity ratio	34.5%	Noticeably growing	Significantly growing
* No adjustments were made.

End of Inside Information

18-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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:	1752073


End of Announcement	EQS News Service

1752073 18-Oct-2023 CET/CEST

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