DGAP-News exceet Group SCA: Financial Result Three Months 2021
DGAP-News: exceet Group SCA / Key word(s): Quarterly / Interim Statement/Quarterly / Interim Statement
Financial Result Three Months 2021
* Group EBITDA decreased to EUR 2.6 million (3M 2020: EUR 3.2 million) achieving an EBITDA margin of 20.2% (3M 2020: 22.9%).
* Net Profit (recurring) for the period EUR 1.5 million (3M 2020: EUR 1.7 million).
* 3M 2021 performance confirms the expectations for the quarter and the outlook for 2021.
* At 29 April 2021 exceet sold the shares in exceet Secure Solutions GmbH.
Grevenmacher, 6 May 2021 - In the first three months 2021 exceet achieved sales of EUR 13.0 million versus EUR 13.7 million one year ago. This slightly decrease is only related to an extraordinary sales growth in prior year because of a strong demand for miniaturized PCBs within the Healthcare segment. Certain customers ordered high volumes at that time either to increase their inventories or to temporary replace their other source suppliers due to delivery shortages. This year business was running as expected without such one off items.
Group EBITDA reached EUR 2.6 million in 3M 2021 versus EUR 3.2 million in prior year. The EBITDA Margin decreased accordingly from 22.9% in the prior year to 20.2% for the three months period 2021. Net profit for the period of 3M 2021 was EUR 1.5 million (3M 2020: EUR 1.0 million).
exceet is still acting with adaptive measures to the Group's businesses for the effects out of the Corona crisis. These measures included the protection of the production processes by securing the supply chains and raising inventory levels, but also intensifying the personal safety of employees, customers and suppliers by suspending travelling and face-to-face meetings as well as the introduction of home office work for certain members of the staff.