EQS-News

Alzchem Group AG seamlessly builds on strong business performance in 2023 with EBITDA growth of 31.7% in first quarter 2024 - Seite 2

The Alzchem Group’s financial position also developed very positively in the first quarter of 2024. The operating cash flow increased from EUR 10.2 million to EUR 33.5 million, which is due in particular to the growth in EBITDA and the reduction in working capital. Although investments rose from EUR 4.8 million to EUR 6.9 million, free cash flow rose to EUR 26.6 million, which is almost five times the previous year’s figure of EUR 5.4 million. This development ultimately also led to a sharp increase in cash and cash equivalents.

Andreas Niedermaier, CEO of Alzchem Group AG: “Our consistent transformation towards specialty chemicals continues to bear fruit, as the successful start to the fiscal year 2024 impressively demonstrates. This applies both to our key figures achieved in the first quarter and in view of the continuing high demand for our products. We have therefore recently decided on a further incremental expansion of our creatine production capacities. We are therefore confident about the rest of the year.”

Based on the good business development in the first three months, the Management Board confirms its forecasts for the full year 2024. Accordingly, Group sales are expected to increase from EUR 540.6 million to around EUR 570 million and Group EBITDA from EUR 81.4 million to around EUR 90 million.

The detailed quarterly statement is available for download on the website www.alzchem.com in the Investors/Publications section.

About Alzchem
Alzchem is a globally active specialty chemicals company that is one of the market leaders in most of its fields of activity. Alzchem benefits from the three very different global developments climate change, population growth and longer life expectancy in a unique way. Alzchem products can offer attractive solutions for achieving the resulting social goals in a multitude of different applications.

The company sees interesting growth prospects for itself in the areas of human and animal nutrition and agriculture in particular. As a result of population growth, it is necessary to achieve efficient food production. Pharmaceutical raw materials and creatine products can contribute to a healthy old age as life expectancy increases. Alzchem is facing up to the goal of sustainability arising from climate change in the field of renewable energies and across the entire company. The fields of fine chemicals and metallurgy offer just as great a perspective.