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Aumann AG
Earnings Release • Aug 14, 2024
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Earnings Release
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Corporate | 14 August 2024 07:45
Aumann increases revenue by 19% to €141 million in the first half of 2024 with strong EBITDA growth of 93% to €15 million at the same time
EQS-News: Aumann AG / Key word(s): Half Year Report
Aumann increases revenue by 19% to €141 million in the first half of 2024 with strong EBITDA growth of 93% to €15 million at the same time
14.08.2024 / 07:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
Aumann increases revenue by 19% to €141 million in the first half of 2024 with strong EBITDA growth of 93% to €15 million at the same time
Beelen, 14 August 2024
Aumann AG (“Aumann”, ISIN: DE000A2DAM03), a leading manufacturer of automated E-mobility production solutions, recorded a revenue increase of 18.9% to €141.4 million in the first half of 2024. The E-mobility segment grew dynamically, increasing revenue by 28.7% to €113.6 million and EBITDA by 127.0% to €13.2 million compared to the previous year. In the Classic segment, revenue decreased slightly from €30.6 million to €27.8 million, but EBITDA grew significantly by 25.0% to €3.6 million. Across segments, EBITDA of the first six months, increased by 93.0% to €15.0 million. The EBITDA margin improved notably from 6.5% to 10.6%. For the 2024 financial year, management continues to expect revenue growth to over €320 million with an EBITDA margin of 9 to 11%.
The European automotive industry is currently facing unexpectedly weak end-customer demand for electric vehicles as well as an uncertain regulatory framework. In the current financial year, this is increasingly reflected in a temporary reluctance to invest in the expansion of production capacities for electromobility. In this challenging market environment, the E-mobility segment recorded a 16.2% decline in order intake compared to the previous year to €111.8 million. At €130.0 million, order intake across segments was 24.9% below the previous year’s figure. The record-high order backlog of over €300 million in each of the previous quarters was reduced to a still comfortable €288.4 million as of June 30, 2024, securing the company’s full capacity utilization as well as the projected revenue and earnings growth.
For the transformation to electromobility highly automated production facilities are needed. Aumann offers its customers a wide range of innovative production solutions and is proving to be a strong partner in the currently challenging business environment, thanks to its solid finances. As of June 30, 2024, Aumann is in an excellent financial position, with a liquidity of €117.0 million and an equity ratio of 57.5%.
The complete half-year report of 2024 is available at www.aumann.com.
Aumann AG
Dieselstraße
648361 Beelen
Germany
Tel +49 2586 888 7800
Fax +49 2586 888 7805
www.aumann.com
Executive Board
Sebastian Roll (CEO)
Jan-Henrik Pollitt (CFO)
Supervisory Board
Gert-Maria Freimuth (Chairman)
Christoph Weigler
Dr.-Ing. Saskia Wessel
Court of registration
Münster Local Court, Registration Number: HRB 16399
14.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Aumann AG |
| Dieselstraße 6 | |
| 48361 Beelen | |
| Germany | |
| Phone: | +49 (0) 2586 888-7800 |
| Fax: | +49 (0) 2586 888-7805 |
| E-mail: | [email protected] |
| Internet: | www.aumann.com |
| ISIN: | DE000A2DAM03 |
| WKN: | A2DAM0 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1967357 |
| End of News | EQS News Service |