Deufol SE

Results for the business year 2022 - Seite 2

 Capital expenditures at previous year's level - operating cash flow significantly improvedAt € 6.4 million, the volume of capital expenditure in the past financial year was in line with the previous year's figure. Investments were mainly focused on property, plant and equipment, and in particular on land and buildings.

The Group's financial position improved significantly. Net financial liabilities were decreased by € 9.7 million to € 71.0 million at the end of the reporting year and the balance of liabilities to banks less bank balances was reduced to € 36.8 million (previous year: € 50.1 million).

The improved financial position enabled the Deufol Group to increase the necessary headroom for investing in growth initiatives. At € 35.1 million, operating cash flow in the reporting period also significantly exceeded the previous year's level (€ 12.5 million). This is attributable among other things to the increase in net profit for the year and the largely constant working capital (reduction of € 0.2 million), which had risen substantially by € 15.6 million in the previous year due to the drastic increase in raw material prices.

Proposal for the appropriation of profits

The Managing Directors and the Board of Directors propose that the retained earnings of Deufol SE in the amount of € 13.2 million are to be carried forward.

 Annual General Meeting

This year's Annual General Meeting will be held for the first time after the Corona pandemic as an attendance event on June 29, 2023 at 10:00 a.m. (CEST) in the Stadthalle in Hofheim, Chinonplatz 4, 1st floor (Malersaal).

Key Data of 2022

Figures in € M	2022	2021	Change (%)
Sales	271.6	243.0	11.8
EBITDA	34.0	27.5	23.6
EBIT	13.2	6.3	109.5
EBT	10.4	2.9	258.6
EAT	7.0	1.9	268.4
Thereof Non-Controlling Interests	0.5	0.7	-16.7
Thereof Shareholders Deufol SE	6.5	1.3	400.0
Earnings per Share (€)	0.150	0.030	400.0
Operating Cashflow	35.1	12.5	180.8
Investments in Tangible Assets (without Leasing)	5.5	5.5	-0.0
Net Debt	71.0	80.6	-11.9
Equity Ratio (%)	46.0	44.5	3.3
Employees (Average)	2,079	2,021	2.9

 Outlook