Deufol SE
Results for the business year 2022
PRESS RELEASE Annual Results |
Deufol SE: Results for the business year 2022
- Sales € 271.6 M (prior year € 243.0 M)
- EBITDA € 34.0 M (prior year € 27.5 M)
- EBIT € 13.2 M (prior year € 6.3 M)
- EAT € 7.0 M (prior year € 1.9 M)
- Operating Cashflow € 35.1 M (prior year € 12.5 M)
Hofheim am Taunus, 28 April 2023
Sales increase by 12 %
The Deufol Group is pleased to announce a successful fiscal year 2022 with sales growth of 11.8% to € 271.6 million (previous year € 243.0 million). Taking into account the logistics business in Italy, which was sold in 2021, results even display an increase in sales of 17.0%. The business model of the entire Deufol Group was a guarantor of success despite volatile market conditions and a challenging economic and political environment. The unique selling point is the focus on mapping the customer value chain via a broad service portfolio as part of our end-2-end solutions. This enabled us to further consolidate our market position in our core markets and expand our business with existing and new customers. Further positive effects on earnings stem from the recovery in industrial production as a result of the flattening out of the Corona pandemic, as well as from the so far less pronounced economic impact of the Ukraine war on our customers' business activities.
We have therefore clearly exceeded expectations of sales in a corridor between € 220 million and € 250 million as published in the 2021 Annual Report.
Significant increase of the operating result
The growth in sales was accompanied by an increase in earnings before interest, taxes, depreciation, amortization and impairment losses (EBITDA) to € 34.0 million, a growth of 23.6% compared with the previous year (€ 27.5 million). The EBITDA margin was 12.5% (previous year 11.2%). Thanks to extensive measures aiming to improve the results and the consistent implementation of those, the operating result (EBIT) more than doubled to € 13.2 million, despite increased costs in various areas throughout the year. The forecasted range in EBIT of € 7.0 million to € 11.0 million was thus significantly exceeded. The EBIT margin in the fiscal year of 2022 was 4.9% (previous year 2.6%). Depreciation and amortization in 2022 remained virtually constant at € 20.8 million (previous year € 21.0 million).