Brief: Polypeptide Expects Drop In Profitability In H1 2022 Vs H1 2021

PolyPeptide AG

12/07/2022 06:04

July 12 (Reuters) - PolyPeptide Group AG  PPGN.S :
    * POLYPEPTIDE EXPECTS A DROP IN PROFITABILITY IN FIRST HALF
OF
2022 VERSUS FIRST HALF OF 2021
    * EBITDA MARGIN FOR FIRST HALF OF 2022 IS EXPECTED TO BE
AROUND
20% OF REVENUE
    * FIRST HALF OF 2021 WAS AN EXCEPTIONALLY STRONG PERIOD WITH
A
FAVORABLE BUSINESS MIX
    * REVENUE FOR FIRST HALF OF 2022 WILL BE MORE OR LESS FLAT
VERSUS
SAME PERIOD LAST YEAR
    * POLYPEPTIDE WAS AFFECTED BY AN INCREASE IN RAW MATERIAL,
ENERGY
AND CONSUMABLE PRICES AS WELL AS HIGHER WAGE INFLATION THAT
COULD NOT YET BE PASSED TO CUSTOMERS

Source text for Eikon:  ID:nEQ1HyLg3a 
Further company coverage:  PPGN.S 

 ((frankfurt.newsroom@thomsonreuters.com;))