HALF YEAR FINANCIAL REPORT H1 2022
PROGRESSING
RESPONSIBLY
KEY FIGURES
Key figures H1 | Unit | H1 2022 | H1 2021 | Change |
Sales revenues | EUR m | 285.0 | 291.7 | -2.3% |
EBITDA | EUR m | 17.7 | 24.2 | -27.2% |
EBITDA margin (EBITDA/sales revenues) | % | 6.2% | 8.3% | -2.1% pts. |
EBIT | EUR m | 1.4 | 10.1 | -86.4% |
EBIT margin (EBIT/sales revenues) | % | 0.5% | 3.5% | -3.0% pts. |
Earnings after tax | EUR m | 0.1 | 6.8 | -98.2% |
Earnings per share | EUR | 0.00 | 0.30 | N/A |
Investments in fixed assets | EUR m | 11.0 | 11.6 | -5.2% |
Equity ratio (equity/balance sheet total) | % | 44.0% | 43.0% | 1.0% pts. |
Net working capital (NWC) | EUR m | 101.9 | 74.5 | 36.8% |
Average capital employed | EUR m | 356.6 | 333.0 | 7.1% |
Net debt (+)/assets (-) | EUR m | 114.4 | 78.6 | 45.6% |
Employees (incl. leasing personnel) end of period | FTE | 3,457 | 3,708 | -6.8% |
Key figures quarterly | Unit | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 |
Sales revenues | EUR m | 143.9 | 124.1 | 140.1 | 148.8 | 136.1 |
EBITDA | EUR m | 10.4 | 4.0 | 16.6 | 11.0 | 6.7 |
EBITDA margin | % | 7.3% | 3.3% | 11.8% | 7.4% | 4.9% |
(EBITDA/sales revenues) | ||||||
EBIT | EUR m | 3.4 | -3.2 | 5.3 | 2.9 | -1.5 |
EBIT margin | % | 2.4% | -2.5% | 3.8% | 1.9% | -1.1% |
(EBIT/sales revenues) | ||||||
Earnings after tax | EUR m | 2.1 | -3.2 | 3.5 | 1.7 | -1.5 |
Earnings per share | EUR | 0.09 | -0.15 | 0.17 | 0.07 | -0.07 |
Investments in fixed assets | EUR m | 5.6 | 11.8 | 12.6 | 5.7 | 5.3 |
Equity ratio (equity/balance | % | 43.0% | 44.3% | 42.0% | 44.5% | 44.0% |
sheet total) | ||||||
Net working capital (NWC) | EUR m | 74.5 | 83.5 | 65.4 | 94.6 | 101.9 |
Average capital employed | EUR m | 333.0 | 339.3 | 330.7 | 354.4 | 356.6 |
Net debt (+)/assets (-) | EUR m | 78.6 | 101.9 | 79.6 | 105.7 | 114.4 |
Employees (incl. leasing | FTE | 3,708 | 3,442 | 3,420 | 3,450 | 3,457 |
personnel) end of period | ||||||
2HALF YEAR FINANCIAL REPORT H1 2022
GROUP SALES REVENUES BY CUSTOMERS
27.4% | 28.2% | ■ H1 2022 | ||||||||||||
Group sales revenues | ||||||||||||||
January to June 2022 | ||||||||||||||
showing POLYTEC's largest | ||||||||||||||
customers, values in % | ||||||||||||||
8.4% | ||||||||||||||
7.0% | ||||||||||||||
5.3% | 5.9% | 5.3% | ||||||||||||
3.6% | 2.7% | |||||||||||||
2.3% | ||||||||||||||
1.3% | ||||||||||||||
0.9% | 0.9% | 0.6% | ||||||||||||
VW CAR GROUP | MERCEDES BENZ CARS & VANS | JAGUAR LAND ROVER | GEELY GROUP | FORD | STELLANTIS | OTHER CAR | TRATON | VOLVO TRUCKS & BUSES | JOHN DEERE | DAIMLER TRUCKS & BUSES | OTHER TRUCK, BUS & | AGRICULTURAL | IFCO | SMART PLASTICS CUSTOMERS |
SALES REVENUES & EBIT MARGIN
143.9 | 140.1 | 148.8 | ||
136.1 | ||||
124.1 | ||||
3.8% | ||||
2.4% | 1.9% | |||
-1.1% | ||||
-2,5% | ||||
Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 |
- SALES REVENUES (in EUR m)
EBIT margin
Comparision of the group sales revenues and EBIT margin in Q2 2022 with the last four quarters
HALF YEAR FINANCIAL REPORT H1 2022 | 3 |
HALF YEAR
FINANCIAL REPORT H1 2022
This interim report has not been subject to an audit or a review. | |
KEY FIGURES | 02 |
Group Sales Revenues by Customers | 03 |
Sales Revenues & Ebit Margin | 03 |
GROUP MANAGEMENT REPORT H1 2022 | 05 |
Automotive Industry Development | 05 |
Group Results | 06 |
Assets and Financial Status | 08 |
Employees | 09 |
Risks and Uncertainties | 09 |
Material Transactions with Related Parties and Companies | 10 |
Material Events after the Reporting Period | 10 |
Outlook 2022 Financial Year | 10 |
INTERIM CONSOLIDATED FINANCIAL STATEMENT | |
ACCORDING TO IAS 34 | 11 |
Consolidated Income Statement | 11 |
Consolidated Balance Sheet | 12 |
Consolidated Cash Flow Statement | 13 |
Consolidated Statement of Changes in Equity | 14 |
Consolidated Statement of Comprehensive Income | 14 |
Selected Notes | 15 |
SHARE AND INVESTOR RELATIONS | 16 |
POLYTEC Share Price Development | 16 |
Share Key Figures | 16 |
Dividend Policy | 17 |
Research Coverage | 17 |
Shareholder Structure | 17 |
STATEMENT OF ALL LEGAL REPRESENTATIVES | 18 |
4 | HALF YEAR FINANCIAL REPORT H1 2022 |
GROUP MANAGEMENT REPORT H1 2022
AUTOMOTIVE INDUSTRY DEVELOPMENT
The following tables show the figures for new vehicle registrations in the period from January to June 2022, as compared to the same period of the previous year:
REGISTRATIONS OF NEW CARS IN THE MAJOR INTERNATIONAL MARKETS
in units | H1 2022 | Share | H1 2021 | Share | Change |
China | 10,202,500 | 45.2% | 9,838,900 | 40.0% | 3.7% |
USA | 6,767,500 | 30.0% | 8,283,000 | 33.7% | -18.3% |
European Union (EU, EFTA and UK) | 5,597,700 | 24.8% | 6,485,900 | 26.3% | -13.7% |
Total three major markets | 22,567,700 | 100% | 24,607,800 | 100% | -8.3% |
Other selected countries | |||||
India | 1,831,100 | 1,579,900 | 15.9% | ||
Japan | 1,712,900 | 2,043,400 | -16.2% | ||
Brazil | 853,100 | 1,007,900 | -15.4% | ||
Russia | 370,200 | 870,700 | -57.5% | ||
REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA AND UK)
in units | H1 2022 | Share | H1 2021 | Share | Change |
Germany | 1,238,000 | 22.1% | 1,390,900 | 21.4% | -11.0% |
United Kingdom | 802,100 | 14.3% | 910,000 | 14.0% | -11.9% |
France | 772,000 | 13.8% | 922,800 | 14.2% | -16.3% |
Italy | 684,200 | 12.2% | 885,100 | 13.7% | -22.7% |
Spain | 407,800 | 7.3% | 456,800 | 7.0% | -10.7% |
Other European countries | 1,693,600 | 30.3% | 1,920,300 | 29.7% | -11.8% |
EUROPE (EU, EFTA and UK) | 5,597,700 | 100% | 6,485,900 | 100% | -13.7% |
REGISTRATIONS OF NEW CARS IN EUROPE (EU, EFTA AND UK) - BY DRIVE TECHNOLOGY
in units | H1 2022 | Share | H1 2021 | Share | Change |
Petrol-driven cars | 2,144,500 | 38.3% | 2,753,400 | 42.4% | -22.1% |
Diesel-driven cars | 866,100 | 15.5% | 1,275,600 | 19.7% | -32.1% |
Battery electric vehicles (BEV) | 647,500 | 11.6% | 491,900 | 7.6% | 31.6% |
Plug-in hybrid electric vehicles (PHEV) | 472,700 | 8.4% | 537,400 | 8.3% | -12.0% |
Hybrid electric vehicles (HEV) | 1,323,700 | 23.6% | 1,295,600 | 20.0% | 2.2% |
Natural gas vehicles (NGV) | 11,300 | 0.2% | 27,800 | 0.4% | -59.3% |
Other alternatively-powered vehicles (APV) | 132,600 | 2.4% | 105,500 | 1.6% | 25.7% |
EUROPE (EU, EFTA and UK) | 5,598,400 | 100% | 6,487,200 | 100% | -13.7% |
HALF YEAR FINANCIAL REPORT H1 2022 | 5 |
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Polytec Holding AG published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 07:59:05 UTC.