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AlzChem Group AG / Key word(s): Change in Forecast
AlzChem Group AG raises forecast 2021 due to very positive business development
Despite highly volatile raw material markets, significantly rising electricity and CO2 certificate costs, and an unfavorable USD exchange rate, earnings before interest, taxes, depreciation and amortization (EBITDA) rose to a record level of EUR 35.7 million (previous year: EUR 29.1 million). Consequently, the EBITDA margin increased to 16.6% (previous year: 14.8%). The equity ratio was 22.4% as of June 30, 2021 (December 31, 2020: 19.4%).
Due to the very positive business development in the first half of 2021, AlzChem Group AG is raising its forecast for the full year 2021 as follows:
The new forecast is based on the assumption that the economic recovery will continue unchanged, that there will be no negative impact on the raw material pipeline, and that there will be no more severe restrictions due to the Corona pandemic in the second half of 2021.
The detailed half-year financial report 2021 will be available for download on the website www.alzchem.com under Investor Relations/Publications/Financial Reports on Thursday, August 5, 2021.
15-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
AlzChem Group AG
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart
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