EQS-Adhoc

H&R GmbH & Co. KGaA: Preliminary results for Q1-2024 published

EQS-Ad-hoc: H&R GmbH & Co. KGaA / Key word(s): Preliminary Results/Quarterly / Interim Statement H&R GmbH & Co. KGaA: Preliminary results for Q1-2024 published 24-Apr-2024 / 12:52 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Insider information pursuant to Article 17 of the Market Abuse Regulation [MAR]

H&R GmbH & Co. KGaA: Preliminary results for Q1-2024 published

- Results recovered significantly in Q1-2024 compared to the previous year

- EBITDA improved by almost 50% to EUR 21.3 million (Q1-2023: EUR 14.3 million)

Salzbergen, Germany, April 24, 2024. H&R GmbH & Co. KGaA (H&R KGaA for short; DE000A2E4T77) achieved an operating result (EBITDA - consolidated earnings before interest, taxes, depreciation and amortization, impairment losses and reversals of impairment losses on intangible assets and property, plant and equipment) of EUR 21.3 million in the first quarter of 2024 (Q1/2023: EUR 14.3 million), according to preliminary calculations, well above the level of the same quarter of the previous year. Although depreciation and amortization and financing expenses increased slightly again compared to the previous year, the improved performance is reflected across all earnings levels. EBIT amounted to EUR 6.8 million (Q1/2023: EUR 0.5 million) and earnings before taxes (EBT) to EUR 3.6 million (Q1/2023: EUR -2.2 million). At the bottom line, the Group achieved significantly improved earnings attributable to shareholders of EUR 1.5 million compared to the same quarter of the previous year (Q1/2023: EUR -0.9 million). This was achieved on sales of EUR 337.0 million, around 3.4% less than in the previous year (Q1/2023: EUR 349.0 million). Overall, we recorded robust demand in the first quarter of 2024. However, product prices and quotations remained below our expectations at the start of the year. The latter only brightened noticeably at the end of the quarter.