Bauwerk Group AG
BAUWERK GROUP: Net result slightly improved in a challenging environment
Bauwerk Boen AG / Key word(s): Half Year Results
Press Release BAUWERK GROUP: Net result slightly improved in a challenging environment The currency-adjusted turnover of the Bauwerk Group in the first half of 2020 was 7.5% below the prior-year period. The 10% drop in volume mainly reflects the effects out of the Covid-19 pandemic. Due to further improvements in material efficiency and productivity the gross margin as well as the operating margins could be improved, EBITDA to 10.5% and EBIT to 5.9%, this despite the decline in sales. The company result of CHF 4.7 million is 2% above the prior-year period. St. Margrethen, 29 September 2020 – Consolidated net turnover of the Bauwerk Group declined by 12.3% to CHF 128.3 million in the first half of 2020 (prior-year: CHF 146.2 million). Adjusted for significant negative exchange rate impacts when applying the previous year’s exchange rate, the reduction amounted to -7.5%. Thanks to the improvements in efficiency in production which were implemented in recent years and further cost-saving measures that were immediately introduced, the key earning figures were improved despite the decline in sales. In the first half of 2020 the operating result EBITDA amounted to CHF 13.4 million which results in an EBITDA margin of 10.5% (9.8% in the prior-year period). New name of the group Efficiency further improved Solid financing Outlook 2020
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Legal information The economic projections and predictions contained in this information relate to future facts. Such projections and predictions are subject to risks, uncertainties and changes which cannot be foreseen and which are beyond the control of Bauwerk Group. Bauwerk Group is therefore not in a position to make any representations as to the accuracy of economic projections and predictions or their impact on the financial situation of Bauwerk Group or the market in the securities of Bauwerk Group. THIS INFORMATION DOES NOT CONSTITUTE AN ADVICE ON INVESTMENT NOR A RECOMMENDATION OR INVITATION FOR PURCHASING, HOLDING OR SELLING ANY SECURITIES AND IT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IT IS NOT INTENDED FOR PERSONS SUBJECT TO LEGISLATION THAT PROHIBITS ITS DISTRIBUTION OR MAKES ITS DISTRIBUTION CONTINGENT UPON AN APPROVAL AND IT IS NOT BEING ISSUED IN COUNTRIES WHERE THE PUBLIC DISSEMINATION OF THE INFORMATION CONTAINED HEREIN MAY BE RESTRICTED OR PROHIBITED BY LAW. IN PARTICULAR, THIS INFORMATION IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. ANY NON-COMPLIANCE WITH SUCH RESTRICTIONS MAY RESULT IN AN INFRINGEMENT OF U.S. SECURITIES LAWS. SECURITIES OF BAUWERK PARKETT AG AND OF BAUWERK BOEN AG (“COMPANIES”) ARE NOT BEING PUBLICLY OFFERED OUTSIDE OF SWITZERLAND. IN PARTICULAR, THE SECURITIES OF THE COMPANIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OF U.S. PERSONS EXCEPT IN AN “OFFSHORE TRANSACTION” IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT. THIS DOCUMENT DOES NOT CONSTITUTE A PROSPECTUS ACCORDING TO ART. 652A OR ART. 1156 OF THE SWISS CODE OF OBLIGATIONS OR ART. 27 ET SEQ. OF THE SIX SWISS EXCHANGE LISTING RULES. This document is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this information or any of its contents.
Additional features: File: BAUWERK GROUP: Net result slightly improved in a challenging environment End of ad hoc announcement |
Language: | English |
Company: | Bauwerk Boen AG |
Neudorfstrasse 49 | |
9430 St. Margrethen | |
Switzerland | |
Phone: | +41 71 7477474 |
Fax: | +41 71 7477423 |
E-mail: | info@bauwerk-group.com |
Internet: | www.bauwerk-group.com |
ISIN: | CH0410370016 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1134453 |
End of Announcement | EQS Group News Service |