Brief: KATEK: FY EBITDA At EUR 28.7 Mln

Katek Se

31/03/2022 08:04

March 31 (Reuters) - KATEK SE  KTEK.DE :
    * ​​​​​​​DESPITE THE VOLATILE MARKET ENVIRONMENT IN 2021,
KATEK
INCREASES SALES BY MORE THAN 30%, OPERATING EARNINGS RISE BY
AROUND 46% - OUTLOOK REMAINS POSITIVE
    * FY EBITDA 28.7 MILLION EUR VERSUS 12.9 MILLION EUR YEAR
AGO
    * FY REVENUE 540.1 MILLION EUR VERSUS 414.2 MILLION EUR YEAR
AGO
    * FY OPERATING RESULT (EBITDA ADJUSTED) INCREASED BY 45.8
PERCENT
TO 30.3 MILLION EUROS
    * FOR 2022, MANAGEMENT BOARD EXPECTS FURTHER GROWTH IN KATEK
GROUP'S REVENUE AND OPERATING RESULT (EBITDA ADJUSTED).
    * IN ORDER TO EXPLOIT FUTURE GROWTH POTENTIAL, KATEK
INTENDS, AS
ANNOUNCED IN IPO PROSPECTUS, TO USE ALL AVAILABLE FUNDS AND
FUTURE EARNINGS TO SUPPORT OPERATIONS AND FINANCE GROUP'S
GROWTH, BUSINESS DEVELOPMENT AND MARKET POSITION, AS WELL AS TO
EXECUTE ITS STRATEGIC OBJECTIVES
    * IN TERMS OF SALES, SEES 2022 CONTINUING TO GROW FASTER
THAN
MARKET AND BY AT LEAST 8% ORGANICALLY COMPARED TO 2021.
    * OUTLOOK 2022: WITH REGARD TO DEVELOPMENT OF OPERATING
RESULT
(EBITDA ADJUSTED), KATEK WOULD ALSO LIKE TO FURTHER EXPAND
OPERATING MARGIN DESPITE CURRENT CHALLENGES AND EXPECTS TO BE
ABLE TO INCREASE OPERATING RESULT (EBITDA ADJUSTED) BY AT LEAST
10 % COMPARED TO PREVIOUS YEAR

Source text for Eikon:  ID:nEQ1Gbcfha 
Further company coverage:  KTEK.DE 

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