Deufol SE

Results for the business year 2022 - Seite 3

While the Corona pandemic is subsiding and its further direct impact is likely to be limited, the global economic situation has deteriorated significantly. This is primarily due to the Russian war on Ukraine, the associated sanctions and the disruptions on the energy markets. This is reflected in enduringly disrupted supply chains, significantly higher inflation, substantially higher interest rates and continuing uncertainty on the markets. Combined with this, there is a high volatility of prices and material availability as well as fluctuating demand for industrial services.

Despite these challenges, the Deufol Group has taken precautions to be best set up for the future, including strengthening its liquidity. Thanks to the strategy adopted, the organizational cornerstones created, the projects initiated and in some cases already fully implemented, and the positive effects of the measures already introduced, the Deufol Group is well positioned to grow steadily in the medium and long run and to market its services successfully. The development of business also sets up a basis for resuming dividend payments in the upcoming fiscal years and implementing a sustainable dividend policy.

Although global economic and political developments will continue to lead to a high degree of uncertainty also this year, the Deufol Group expects sales volumes to remain good and fundamentally increase in 2023. In this situation the company is targeting sales in a range of € 270 million to € 295 million and expects EBIT from operations between € 10 million and € 15 million.

The Annual Financial Report is available online at: https://www.deufol.com/de/investor-relations/finanzpublikationen/archi ...

For further information, please contact:

Deufol SE

Stefan Philippi

Phone: [phone]

E-Mail: [e-mail]

 

ISIN: DE000A1R1EE6

End of Media Release

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Issuer: Deufol SE
Key word(s): Finance

28.04.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
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1619727  28.04.2023 CET/CEST