Baikowski

Earnings Release • Jul 26, 2024

2024 first-half business

• Strong revenue growth: +13.4% to €26.0m
• Electronics market recovery confirmed
• Sustained growth expected for full-year 2024

Poisy, July 26, 2024 - 8:45 am (CET) - Baikowski® (ALBKK - ISIN: FR0013384369), a leading producer of specialty industrial minerals founded more than 100 years ago, is reporƟng its revenue for the first half of 2024.

2024 first-half consolidated revenue came to €26.0 million, up 13.4% from the first half of 2023.

At June 30 (€m)	2024	2023	Change	Change
				like-for-like basis
Half year	26.0	22.9	+13.4%	+13.4%

In an uncertain and volaƟle macroeconomic environment, Baikowski's business confirmed a recovery in demand in its main market segments, parƟcularly in the electronics market. Revenue for chemicalmechanical polishing rebounded following a significant slowdown in 2023.

In other markets (automoƟve, baƩeries, aerospace & defence, and medical), commercial acƟvity was solid overall, marked by revenue diversificaƟon towards new industrial applicaƟons (addiƟves, technical ceramics, polishing, etc.).

In the first half of 2024, the geographical breakdown of revenue was as follows: Asia and the rest of the world contributed 56% (compared with 51% in 2023), the Americas 29% (compared with 37% in 2023), the rest of Europe 11% (compared with 9% in 2023), and France 4% (compared with 3% in 2023).

In long-term markets driven by innovaƟon, Baikowski® conƟnued to roll out its research and development (R&D) efforts with a view to diversifying its offering and enhancing its potenƟal for future growth. A concrete example of this strategy is the recogniƟon received in April 2024 when Baikowski® was selected as the France 2030 plan winner for its innovaƟve project to decarbonize alumina producƟon, carried out in partnership with ECM Technologies, Saint-Gobain and ICGM.

Outlook for 2024

Baikowski® remains favourably posiƟoned over long cycles and conƟnues to develop promising projects, notably to support the energy transiƟon. In the short term, the main market trends remain posiƟve. Against this backdrop, Baikowski® expects strong revenue growth in 2024.

Next date

2024 half-year results and 2024 half-year report publicaƟon on September 20, 2024, before the start of trading.

About Baikowski®

Founded in 1904, Baikowski® is a world leader in the producƟon of specialty industrial minerals, in parƟcular ultra-pure alumina, as well as other oxides such as spinel, phosphors, zirconia and cerium oxide. These products are used in the composiƟon of technical ceramics, precision polishing and addiƟves. The quality of Baikowski® products enables it to address a wide range of high-tech markets, including electronics, automoƟve, green energy, aerospace, defence, medical and watchmaking.

Baikowski® has been commiƩed to a responsible resource management policy for many years and is acƟvely involved in the development of tomorrow's sustainable technologies. Baikowski® is present on three conƟnents (France, USA, and Japan) and has commercial offices and agents in South Korea and China.

Baikowski® is listed on Euronext Growth Paris (ISIN: FR0013384369 - Ticker: ALBKK).

All company informaƟon can be found at: www.baikowski.com

Contacts

• Media RelaƟons: Benoît Grenot Chief ExecuƟve Officer +33 (0)4 50 22 69 02 finance@baikowski.com
• Investor RelaƟons: Jean-Christophe Le Floch Chief Financial Officer +33 (0)4 50 22 69 02 -finance@baikowski.com
• Financial communicaƟon: CALYPTUS Cyril Combe +33 (0)1 53 65 68 68 baikowski@calyptus.net