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PRESS RELEASE: AlzChem Group AG with planned sales and earnings development in the first quarter of 2019

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DGAP-News: AlzChem Group AG / Key word(s): Quarterly / Interim Statement
AlzChem Group AG with planned sales and earnings development in the first
quarter of 2019

2019-05-10 / 06:30
The issuer is solely responsible for the content of this announcement.

*AlzChem Group AG with planned sales and earnings* *development in the first
quarter of 2019*

? *Positive market feedback on own distribution of Creamino *

? *Full-year forecast with sales growth and stable earnings confirmed*

Trostberg, May 10, 2019 - AlzChem Group AG, a vertically integrated
specialty chemicals supplier with a leading market position in selected
niche markets, looks back on a satisfactory start to the fiscal year 2019.
Group sales in the first quarter of 2019 amounted to EUR 92.1 million (first
quarter of 2018: EUR 94.5 million) and were thus in line with own
expectations. In the Specialty Chemicals segment, the Dormex(R) business
developed very successfully. In addition, AlzChem received consistently
positive market feedback on the own distribution of Creamino launched at the
beginning of the year. Overall, however, the Creamino destocking by the
former sales partner led to the expected decline in sales in this segment,
which could not be fully compensated by the increase in sales in the Basics
& Intermediates segment.

Consolidated earnings before interest, taxes, depreciation and amortization
(EBITDA) also developed according to plan, reaching EUR 13.2 million after
the first three months of 2019 (first quarter of 2018: EUR 15.1 million). As
expected, among other things, the continued high procurement costs had an
impact here. The EBITDA margin reached 14.4 % after 15.9 % in the prior-year
quarter. Consolidated net income for the period amounted to EUR 5.6 million
(first quarter of 2018: EUR 7.9 million).
In view of the planned sales and earnings development in the first three
months of 2019, the Management Board confirms the full-year forecast, which
includes, among other things, consolidated sales between EUR 389.9 million
and EUR 398.9 million (2018: EUR 375.2 million) and adjusted EBITDA between
EUR 46.5 million and EUR 51.9 million (2018: EUR 49.4 million).

The detailed quarterly statement for the first quarter of 2019 is available
for download on the website www.alzchem.com under Investor
Relations/Publications/Financial Reports.

*About AlzChem*
The AlzChem Group is a vertically integrated manufacturer of various
chemical products based on the NCN chain. These are products with typical
nitrogen-carbon-nitrogen bonding that are used in a wide variety of
different industries. The company 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.

2019-05-10 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
Phone: +498621862888
Fax: +49862186502888
E-mail: ir@alzchem.com
Internet: www.alzchem.com
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Stuttgart
EQS News ID: 809535

End of News DGAP News Service

809535 2019-05-10

(END) Dow Jones Newswires

May 10, 2019 00:30 ET ( 04:30 GMT)

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