EQS-Adhoc
Adval Tech defies difficult conditions and achieves a clearly positive annual result in 2020 - Seite 2
Adval Tech has also achieved acquisition successes in the plastics sector in recent years, which will keep individual sites busy for years. Examples include the production of radiator shutters for various automotive manufacturers in Hungary as well as several orders for production in Mexico. However, due to the dramatic developments in the market, several production starts that were scheduled for the first half of 2020 have been postponed. Sales efforts, which were intensified even further during this difficult period, resulted in further new orders despite the coronavirus pandemic. In Mexico and China, for example, Adval Tech will manufacture additional safety-relevant subassemblies made of plastic for vehicle interiors.
Cash flow
The Adval Tech Group's cash flow from operating activities amounted to CHF 6.1 million in 2020 (2019: CHF 4.2 million). Operating free cash flow4) was CHF 3.6 million (2019: CHF -3.8
million). This marked increase - despite the coronavirus pandemic - is mainly due to higher cash flow from operating activities, consistent cost management and lower investments in property, plant
and equipment.
Outlook
The economy continues to be severely impacted by the coronavirus in many sectors worldwide. This applies in particular to the automotive industry. The medium- and long-term impact of this crisis
cannot yet be assessed. The Adval Tech Group refrains from making concrete forecasts for total income and EBIT in 2021.
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Media and financial analysts' conference
The media and financial analysts' conference scheduled for April 27, 2021 will not take place due to the current coronavirus situation. The Adval Tech Group's Annual Report 2020 will be available
for download from the website www.advaltech.com from 7 a.m. on April 27, 2021. The associated media release will also be sent out at 7 a.m. Group Executive Management will be available for
one-on-one meetings with interested financial analysts and media representatives from 9 a.m. onwards.