DGAP-News

KATEK SE: KATEK raises sales forecast to over EUR 615 million after strongest half-year in company history

DGAP-News: KATEK SE / Key word(s): Half Year Results KATEK SE: KATEK raises sales forecast to over EUR 615 million after strongest half-year in company history 12.08.2022 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. KATEK raises sales forecast to over EUR 615 million after strongest half-year in company history

• Sales in the first half of 2022 up 16.6% year-on-year to EUR 315.9 million
• Operating result (EBITDA adjusted) increased by 26.1 percent to EUR 16.9 million
• Successful counteraction to price pressure on material, energy and personnel costs through price increases at customers with initial positive effects on gross profit
• M&A activities: Acquisition of Canadian SigmaPoint nears closing; upside potential in sales from first-time consolidation from closing of EUR 20 million for the rest of 2022
• Sales target for 2022 raised significantly due to pleasing run rate in Q2, high order backlog and high book-to-bill ratio

Munich, August 12, 2022 - Following a pleasing run rate in the second quarter, KATEK SE has recorded the strongest half-year in its corporate history. Consolidated sales rose to EUR 315.9 million in the first half of 2022 (+16.6%; H1 2021: EUR 271.0 million) and the operating result (EBITDA adjusted) to EUR 16.9 million (+26.1%; H1 2021: EUR 13.4 million). Among others, the strongest growth was achieved in the high-value electronics areas renewables/solar (+129.2% compared to the prior-year period) and tele-care/healthcare (+131.2% compared to the prior-year period). Even the eMobility/charging area grew by 13.2% year-on-year despite poor sales figures in the automotive industry, whereas the rest of the automotive business brought up the rear of all KATEK activities with a drop of 6.4%.

In the challenging situation for the entire industry with regard to ongoing supply bottlenecks and logistics difficulties, KATEK was able to successfully take countermeasures. For example, the increase in inventories in the necessary strategic buffer stocks already slowed down significantly in the second quarter. Increases in the cost of materials, which exert temporary pressure on the gross profit margin, are being successfully countered by consistently passing on additional costs and implementing price increases across the board at almost all customers. As a result, the gross profit margin in the second quarter has already improved by 1.7 percentage points compared to the first quarter, as the price adjustments have begun to take effect.