DGAP-News: centrotherm international AG / Key word(s): Annual Results/Annual Report
centrotherm Group 2020 business balance sheet and outlook
- 34% increase in order intake to EUR 234.4 million
- Group revenue increase slightly to EUR 107.3 million
- EBITDA negative as forecast
- Order backlog almost doubled from EUR 132.8 million to EUR 256.7 million
- Outlook for 2021: Significant increase in total operating performance
The forecast of a clearly negative Group EBITDA occurred at EUR -8.0 million (previous year: EUR -11.4 million). Despite the reduction in operating expenses, the pandemic-related underutilization of capacity in the first half of 2020 and impairment losses in connection with the introduction of a new generation of equipment had a particularly negative impact on earnings. EBITDA was additionally burdened by investments in research & development.
Jan von Schuckmann, CEO of centrotherm: "Despite the Corona crisis, we invested in our development and future projects in a targeted manner. It was our declared aim to emerge stronger from this crisis and, when the markets revive, to have a product portfolio at hand to benefit from the upturn and exploit advantages over the competition. This has paid off for us: the order backlog at the end of fiscal 2020 almost doubled to EUR 256.7 million compared to the previous period, adding up to EUR 330.8 million at the end of March 2021."
Gunter Fauth, Chief Operations Officer adds, "The production facilities in Blaubeuren and Kunshan/China are running at very high capacity until the fourth quarter of 2021. "
For the financial year 2021, the Board of Management expects a total operating performance of EUR 200 to 260 million in the Group and positive EBITDA in the single-digit million range. This assumes that there continues to be no significant impact from the COVID 19 pandemic in terms of order intake, supply chains and production.
About centrotherm international AG
25.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
centrotherm international AG
Württemberger Str. 31
+49 7344 918-0
+49 7344 918-8388
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
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