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Adval Tech expects significantly better half-year results than in previous year

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Adval Tech Management AG / Key word(s): Half Year Results/Preliminary Results

20-Jul-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Niederwangen, July 20, 2021, 7:00 a.m. - According to the provisional half-year figures, the Adval Tech Group's half-year results for 2021 will be significantly better than in the previous year. Compared with the first half of 2020, Adval Tech expects total income to increase by around 50% to some CHF 90 million and the EBIT margin to improve from 2.1% to 6.0 - 6.5%.

In the first half of 2021, the Adval Tech Group's business was still significantly impacted by the Corona pandemic - with lockdowns and other regulations imposed by national governments. However, the recovery in the automotive industry markets already noted in the second half of 2020 continued in the period under review.

Adval Tech will announce its detailed 2021 half-year figures and a full-year outlook on August 20, 2021.

Background information about the Adval Tech Group
Adding value through innovation - that's what Adval Tech stands for. The Adval Tech Group is a global industrial supplier of technologically sophisticated components and subassemblies made of metal and plastic. It focuses on selected activities, especially in its main target market, the automotive industry. As a supplier and value-adding partner, Adval Tech covers the entire value chain from product development to prototyping, to mold and tool development, and through to component production and assembly. Headquartered in Switzerland, the Adval Tech Group operates a total of nine production plants. These are located in Switzerland, Germany, Hungary, China, Malaysia, Mexico and Brazil. At the end of 2020, Adval Tech employed 1105 people worldwide.

Download media release
www.advaltech.com/en/group/investors/company-news/ad-hoc-notices

Contact
Markus Reber, CFO, phone +41 31 980 82 70, markus.reber@advaltech.com
Valeria Poretti, Head Corporate HR/Communication, phone +41 31 980 82 66, valeria.poretti@advaltech.com

Agenda
August 20, 2021, Announcement of semi-annual results 2021

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:

1220134


 

End of Announcement

EQS Group News Service

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