EQS-News

Homann Holzwerkstoffe with solid development in H1 2023

EQS-News: HOMANN HOLZWERKSTOFFE GmbH / Key word(s): Half Year Report/Half Year Results Homann Holzwerkstoffe with solid development in H1 2023 29.09.2023 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. Homann Holzwerkstoffe with solid development in H1 2023

• Revenues decline to EUR 193.8 million (H1 2022: EUR 213.0 million)
• Adjusted operating EBITDA of EUR 34.8 million (H1 2022: EUR 45.7 million) demonstrates high resilience of business model in challenging market environment
• Production at the fourth plant in Lithuania started at the end of September
• Investments in Losheim a clear commitment to Germany as a business location

Munich, 29 September 2023 – Homann Holzwerkstoffe GmbH, a leading European supplier of thin, refined wooden fibreboards for the furniture, doors and coatings industries, today published its interim financial statements for the first half of 2023. In the first six months, the company’s revenues decreased by 9.0% from EUR 213.0 million in the same period of the previous year to EUR 193.8 million. In addition to slightly lower sales volumes, this was mainly due to price pressure resulting from lower demand. Adjusted operating EBITDA declined to EUR 34.8 million compared to the same period of the previous year (H1 2022: EUR 45.7 million), but exceeded the company’s plans, demonstrating the high resilience of the business model in a challenging market environment. At 17.8%, the EBITDA margin was slightly below the prior year level (H1 2022: 20.8%). Consolidated net income was clearly positive at EUR 18.4 million (H1 2022: EUR 30.3 million).

Equity increased further to EUR 175.6 million in the reporting period (31 December 2022: EUR 150.0 million) due to the clearly positive consolidated result for the first half of the year as well as the reduction of the negative difference in equity resulting from currency translation. As a result, the equity ratio rose to 31.2% compared to 30.4% at the end of the financial year 2022, despite the significant increase in total assets.