Adval Tech Holding AG

Report Publication Announcement • Mar 2, 2016

News Details

Ad-hoc | 2 March 2016 07:00

Adval Tech with a good second half in 2015

Adval Tech with a good second half in 2015
Niederwangen, March 2, 2016, 7 a.m. – Adval Tech had a good second half in 2015, improving its EBITDA and EBIT margins for the full year. At net result level, the abandonment of the minimum euro exchange rate left clear marks.
Adval Tech saw profitability and margins improve over the previous year thanks to a stronger second half-year along with cost reduction measures. Adval Tech anticipates a consolidated EBITDA margin of around 11% for the 2015 financial year compared with 9.4% in the previous year. An EBIT margin in the vicinity of 4% is expected compared to 3.6% in the previous year. While total income in the first half of 2015 was impacted by currency effects and project postponements, especially in the Molds segment, Adval Tech experienced generally higher demand in the second half, increasing total income over the first-half figure. Based on unaudited results, the Adval Tech Group posted total income of roughly CHF 224 million in the 2015 reporting year, some 9% below the prior-year figure (2014: CHF 247 million). Total income declined by only 2% at constant exchange rates. The negative currency effect in 2015 is primarily a result of the significantly lower EUR/CHF exchange rate compared to the previous year. Thanks to rapid implementation of cost reduction and efficiency enhancement measures, Adval Tech was able to significantly increase profitability and net result in the second half. Adval Tech anticipates a positive net result of around CHF 0.6 million for the full year 2015, following a negative net result of CHF -2.8 million in the first half of 2015 (full previous year: CHF 1.9 million). Detailed information on the annual financial results will be published on April 15, 2016. The full annual financial statements and the 2015 Annual Report will be published on April 26, 2016
Contact Valeria Poretti-Rezzonico, Head Corporate HR/Communication, phone +41 31 980 82 66, valeria.poretti@advaltech.com Markus Reber, CFO, phone +41 31 980 82 70; markus.reber@advaltech.com Background information about the Adval Tech Group Adding value through innovation – that’s what Adval Tech stands for. Adval Tech is the partner of choice – for high-volume components manufactured in metal and plastic and for high-performance molds for the production of plastic components. In the components business, Adval Tech focuses on the automotive market and on related applications. Adval Tech’s principal markets in the mold-making segment are consumer and personal care, packaging, medical and automotive. Adval Tech covers the entire value chain as a one-stop-shop, from product development to prototyping, to mold and tool development, and through to component production and assembly. Agenda April 15, 2016, 5.45 p.m.: detailed information on 2015 financial results April 26, 2016: Conference for financial analysts and press conference on annual report 2015 April 26, 2016: Publication of the annual report 2015 May 19, 2016: General meeting of shareholders 2016