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PRESS RELEASE: AlzChem Group AG posts sales and earnings for the first nine months of 2019 at previous year's level

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DGAP-News: AlzChem Group AG / Key word(s): Quarterly / Interim Statement/9
Month figures
AlzChem Group AG posts sales and earnings for the first nine months of 2019
at previous year's level
2019-11-14 / 06:30
The issuer is solely responsible for the content of this announcement.

*AlzChem Group AG posts sales and earnings for the* *first nine months of
2019 at previous year's level*

*Trostberg, November 14, 2019* - AlzChem Group AG, a vertically integrated
specialty chemicals supplier with a leading market position in selected
niche markets, was able to confirm the previous year's level in both sales
and earnings in the first nine months of 2019. Group sales in the reporting
period amounted to EUR 287.7 million (9M 2018: EUR 287.2 million). The third
quarter made a significant contribution with a sales increase of 8.1% to EUR
99.4 million. Over the nine-month period, a slight decline in sales in the
Specialty Chemicals segment (-4.9%) was offset by a significant increase in
sales in the Basics & Intermediates segment (+7.5%). The highlight of the
third quarter of 2019 was the official commissioning of the new Creamino(R)
plant at the Trostberg site in mid-September. Production capacity, which has
tripled to around 21,000 tons, is now gradually being utilized in line with
expected market growth.

On the earnings side, AlzChem successfully passed on significant cost
increases (including for raw materials and personnel) through price
adjustments (+3.0%). In addition, the product portfolio was further
developed towards more complex and thus more high-priced products. Overall,
AlzChem achieved earnings before interest, taxes, depreciation and
amortization (EBITDA) of EUR 41.4 million (9M 2018: EUR 41.3 million),
equivalent to an EBITDA margin of 14.4% (9M 2018: 14.4%). Consolidated net
income for the period amounted to EUR 17.0 million, compared with EUR 20.4
million in the previous year. This was due to high extraordinary additions
to pension provisions due to sharply falling interest rates.

For 2019 as a whole, AlzChem is forecasting consolidated sales of between
EUR 375.0 million and EUR 385.0 million (2018: EUR 375.2 million) and
adjusted EBITDA of between EUR 46.5 million and EUR 51.9 million (2018: EUR
49.4 million).

The detailed quarterly statement is available for download on the website
www.alzchem.com under Investor Relations/Publications/Financial Reports. [1]

*About AlzChem*
The AlzChem Group is a vertically integrated manufacturer of chemical
products based on the so-called NCN chain. These are products with typical
nitrogen-carbon-nitrogen bonding that are used in a wide variety of
different industries. The Group has a leading position in select niche
markets. The strategic focus of growth and the main focus of its extensive
research and development are on the business segment Specialty Chemicals.
The company has around 1,560 employees at four sites in Germany and three
other sites abroad.

2019-11-14 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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: 912649

End of News DGAP News Service

912649 2019-11-14


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=9da298deb854d62895a13cccc9249972&application_id=912649&site_id=vwd&application_name=news


(END) Dow Jones Newswires

November 14, 2019 00:30 ET ( 05:30 GMT)
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