Adval Tech Holding AG - Earnings Release 2021

News Details

Ad-hoc | 20 July 2021 07:00

Adval Tech expects significantly better half-year results than in previous year

Adval Tech Management AG / Key word(s): Half Year Results/Preliminary Results

20-Jul-2021 / 07:00 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 LR

The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Art. 53 LR**

Niederwangen, July 20, 2021, 7:00 a.m. – According to the provisional half-year figures, the Adval Tech Group’s half-year results for 2021 will be significantly better than in the previous year. Compared with the first half of 2020, Adval Tech expects total income to increase by around 50% to some CHF 90 million and the EBIT margin to improve from 2.1% to 6.0 – 6.5%.**

In the first half of 2021, the Adval Tech Group’s business was still significantly impacted by the Corona pandemic – with lockdowns and other regulations imposed by national governments. However, the recovery in the automotive industry markets already noted in the second half of 2020 continued in the period under review.

Adval Tech will announce its detailed 2021 half-year figures and a full-year outlook on August 20, 2021.

Background information about the Adval Tech Group

Adding value through innovation – that’s what Adval Tech stands for. The Adval Tech Group is a global industrial supplier of technologically sophisticated components and subassemblies made of metal and plastic. It focuses on selected activities, especially in its main target market, the automotive industry. As a supplier and value-adding partner, Adval Tech covers the entire value chain from product development to prototyping, to mold and tool development, and through to component production and assembly. Headquartered in Switzerland, the Adval Tech Group operates a total of nine production plants. These are located in Switzerland, Germany, Hungary, China, Malaysia, Mexico and Brazil. At the end of 2020, Adval Tech employed 1105 people worldwide.

Download media release

www.advaltech.com/en/group/investors/company-news/ad-hoc-notices

Contact

Markus Reber, CFO, phone +41 31 980 82 70, [email protected]

Valeria Poretti, Head Corporate HR/Communication, phone +41 31 980 82 66, [email protected]

Agenda

August 20, 2021, Announcement of semi-annual results 2021

Except for the historical information contained herein, the statements in this media release are forward-looking statements that involve risks and uncertainties.

End of ad hoc announcement


Language:	English
Company:	Adval Tech Management AG
	Freiburgstrasse 556
	3172 Niederwangen
	Switzerland
Internet:	www.advaltech.com
ISIN:	CH0008967926
Valor:	896792
Listed:	SIX Swiss Exchange
EQS News ID:	1220134