Sales above target, extraordinary influence affects earnings
Innsbruck, April 23, 2020:
Wolftank-Adisa Holding AG (Vienna, Frankfurt, m:access, Xetra, ISIN:AT0000A25NJ6) is today presenting its preliminary consolidated results for the 2019 financial year as part of its annual financial statements.
In the 2019 financial year, the Wolftank-Adisa Group, including all group companies, was able to increase its revenues by approximately 17% to EUR 52 million (previous year EUR 44.55 million). The Group EBITDA of EUR 3.0 million is approximately at the previous year’s level (EUR 3.2 million), while the EBIT of EUR 1.2 million is slightly below the previous year’s level of EUR 1.7 million. The revenue forecast of EUR 50 million for 2019 was thus slightly exceeded, while the planned EBITDA was missed by EUR 1.7 million.
The reduced profitability is due to an extraordinary and one-time special influence: the company succeeded in ending the hitherto exclusive relationship with the historical supplier of raw epoxy resin products, thus paving the way for a multi-supplier strategy. This significantly reduces the risk of global dependency, especially in times of difficult logistics, and thus secures the supply chain in the long term. As a result of a one-off special payment, gross profit was reduced by around EUR 1.47 million in the 2019 financial year. This will already have a positive effect on the EBIT margin in the current financial year, but especially in the coming financial years due to improved purchase prices.
The Management Board continues to expect a positive business trend in the current year. The economic effects of the COVID 19 pandemic are both positive and negative for the business of Wolftank-Adisa Holding AG, and the company is therefore cautiously expecting to be able to repeat the business figures in 2019 for the time being.
About Wolftank-Adisa Holding AG:
Wolftank-Adisa Holding AG is the parent corporation of an international group of companies focusing on environmental protection services for contaminated soils and facilities, remediation and monitoring of (large-scale) tank farms, as well as full-service engineering services for LNG- and petrol stations. The company is active worldwide and uses various patented application technologies with the aid of high-tech epoxy resins developed in-house.
Wolftank-Adisa Holding AG (ISIN: AT0000A25NJ6; WKN: A2PBHR) is trading on the Munich Stock Exchange and is also listed on the Vienna Stock Exchange.
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