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Alzchem Group AG increases sales forecast for the fiscal year 2022

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Alzchem Group AG / Key word(s): Forecast/Change in Forecast
Alzchem Group AG increases sales forecast for the fiscal year 2022

22-Apr-2022 / 15:59 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.

Alzchem Group AG increases sales forecast for the fiscal year 2022

Trostberg, 22 April 2022 - Against the background of the current market developments, Alzchem Group AG is increasing its sales forecast for the fiscal year 2022. The company now expects to generate "strongly to particularly strongly increasing" consolidated sales of up to EUR 520 million (previously: up to EUR 480 million). The other forecasts for the fiscal year 2022 made in the consolidated financial statements as of December 31, 2021 remain unchanged.

The increase in the forecast ceiling for consolidated sales is mainly the result of developments on the raw material and energy markets. Here the company is forced in almost all business areas to pass on the higher purchase prices to the market. By contrast, the company believes that the pure volume growth will develop in line with the previous forecast.

The successful passing on of the price increases will have no impact on the other forecast key figures. In particular, a potentially stronger growth in EBITDA is currently not expected due to the extremely volatile purchasing markets and the contract-related time lag in passing on the cost increases.

The possible further effects of the war in Ukraine and the strains on global supply chains are not included in the forecast and cannot be reliably foreseen by the company at present.

22-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1333427


 

End of Announcement

DGAP News Service

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