Ad hoc-Mitteilungen

Schlatter Group records good business performance in the first half of 2022

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Schlatter Industries AG / Key word(s): Interim Report Schlatter Group records good business performance in the first half of 2022 11-Aug-2022 / 06:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement.


SCHLATTER INDUSTRIES AG - SIX SWISS EXCHANGE: STRN - ISIN: CH0002277314 Ad hoc announcement pursuant to article 53 LR   

S c h l i e r e n, 11 August 2022 The Schlatter Group posted an order intake of CHF 94.6 million in the first half of 2022, an increase of 59% on the same period of the previous year (first half of 2021: CHF 59.6 million). Net sales were up by 14.6% at CHF 51.3 million (first half of 2021: CHF 44.8 million). At CHF 115.0 million, the order backlog as at 30 June 2022 is also a significant 160% higher than in the previous year (31.12.2021: CHF 71.8 million). Operating profit (EBIT) for the first half of 2022 totalled CHF 2.9 million corresponding to an EBIT margin of 5.7% (first half of 2021: EBIT CHF 1.6 million; EBIT margin of 3.5%). For the first half of the year the Schlatter Group is reporting a positive net result of CHF 2.0 million (first half of 2021: CHF 1.9 million).

Following a substantial rise in demand for Schlatter products in 2021, accompanied by high order intake, new orders continued to rise in the first half of 2022. In particular, orders for reinforcing mesh systems were high due to steel prices and above-average demand was registered for weaving machinery for the paper industry. However, sales growth was held back by our suppliers’ delivery problems. Also, a sharp rise in prices of sourced materials led to higher costs. Nevertheless, in the first half of 2022 net sales were considerably higher than in the comparable prior-year period and the operating profit (EBIT) increased to CHF 2.9 million (first half of 2021: CHF 1.6 million). The Schlatter Group ended the first half of 2022 with a very high order backlog, which ensures capacity utilization even at this early stage until well into the second half of 2023. The economic situation points to a more challenging market environment in the second half of 2022. A sharp hike in material prices, delays in supply chains on the procurement side and the strength of the Swiss franc will weigh on profitability in the second half of the year. In addition, the Group expects a significantly higher need for provisions for pension obligations due to high inflation in Germany.

Schlatter Group (www.schlattergroup.com) The Schlatter Group is one of the leading specialists in plant engineering for resistance welding systems as well as weaving and finishing equipment for the production of paper machine clothing, wire fabrics and wire mesh. Thanks to its many years of experience in the field of plant technology, its innovative strength and its reliable service, the Schlatter Group – which is listed on the Swiss Reporting Standard of SIX Swiss Exchange – guarantees its customers a range of powerful and high-quality production equipment. This media information contains certain forward-looking statements, e.g. statements using the words "believes," "assumes," "anticipates," or formulations of a similar nature. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the Company and those either expressed or implied by such statements. Such factors include, among other things: competition from other companies, the effects and risks of new technologies, the Company's continuing capital requirements, financing costs, delays in the integration of acquisitions, changes in the operating expenses, the Company's ability to recruit and retain qualified employees, unfavorable changes in the applicable tax laws, and other factors identified in this communication. In view of these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments. 

------------------------------ This information can be downloaded as a PDF from the following link: Ad hoc announcement pursuant to article 53 LR If you no longer wish to receive information from Schlatter Industries AG, please send a message to: pascale.lehmann@lehmanncom.ch


End of Inside Information
Language: English
Company: Schlatter Industries AG
Brandstrasse 24
8952 Schlieren
Switzerland
Phone: +41 44 732 71 11
E-mail: info@schlattergroup.com
Internet: www.schlattergroup.com
ISIN: CH0002277314
Listed: SIX Swiss Exchange
EQS News ID: 1418085
 
End of Announcement EQS News Service

1418085  11-Aug-2022 CET/CEST

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