Expansion in the USA and stable results in the first half of the year
Bauwerk Group AG / Key word(s): Half Year Results Adhoc announcement pursuant to Art. 53 LR BAUWERK GROUP: Expansion in the USA and stable results in the first half of the year The currency-adjusted turnover of the Bauwerk Group in the first half of 2022 was 24.2% higher than in the same period of the previous year. With the acquisition of Somerset Hardwood Flooring based in Somerset (Kentucky USA) as of May 1, 2022, the market position in North America was further strengthened. The organic growth of 15.5% came mainly from the price increases that became necessary over the past 12 months. Further increases in material, transport and operating costs and the resulting pressure on margins were thus partially offset and the decrease in profitability in the operating margin EBITDA was limited to around 100 basis points. With a company result of CHF 11.7 million, the previous year was slightly exceeded (H1 2021: CHF 11.2 million). St. Margrethen, 1 September 2022 – In the first half year of 2022, the consolidated net turnover of Bauwerk Group increased by 19.9% to CHF 184.4 million (previous year: CHF 153.8 million). Applying the exchange rate of the previous year, the increase was 24.2%. Net turnover includes CHF 13.4 million from Somerset Hardwood Flooring, acquired as of May 1, 2022, which corresponds to 8.7 percentage points of the currency-adjusted growth. With volumes almost stable compared to the same period of the previous year, the organic growth achieved resulted almost exclusively from the adjustments in sales prices that became necessary in the second half of the previous year and in the first half of 2022. Ongoing sharp cost increases Solid financing Outlook 2022
Contact About Bauwerk Group
Legal Information The economic projections and predictions contained in this information relate to future facts. Such projections and predictions are subject to risks, uncertainties and changes which cannot be foreseen and which are beyond the control of Bauwerk Group. Bauwerk Group is therefore not in a position to make any representations as to the accuracy of economic projections and predictions or their impact on the financial situation of Bauwerk Group or the market in the securities of Bauwerk Group. THIS INFORMATION DOES NOT CONSTITUTE AN ADVICE ON INVESTMENT NOR A RECOMMENDATION OR INVITATION FOR PURCHASING, HOLDING OR SELLING ANY SECURITIES AND IT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IT IS NOT INTENDED FOR PERSONS SUBJECT TO LEGISLATION THAT PROHIBITS ITS DISTRIBUTION OR MAKES ITS DISTRIBUTION CONTINGENT UPON AN APPROVAL AND IT IS NOT BEING ISSUED IN COUNTRIES WHERE THE PUBLIC DISSEMINATION OF THE INFORMATION CONTAINED HEREIN MAY BE RESTRICTED OR PROHIBITED BY LAW. IN PARTICULAR, THIS INFORMATION IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. ANY NON-COMPLIANCE WITH SUCH RESTRICTIONS MAY RESULT IN AN INFRINGEMENT OF U.S. SECURITIES LAWS. SECURITIES OF BAUWERK GROUP AG ("COMPANIES") ARE NOT BEING PUBLICLY OFFERED OUTSIDE OF SWITZERLAND. IN PARTICULAR, THE SECURITIES OF THE COMPANIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OF U.S. PERSONS EXCEPT IN AN "OFFSHORE TRANSACTION" IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT. THIS DOCUMENT DOES NOT CONSTITUTE A PROSPECTUS ACCORDING TO ART. 652A OR ART. 1156 OF THE SWISS CODE OF OBLIGATIONS OR ART. 27 ET SEQ. OF THE SIX SWISS EXCHANGE LISTING RULES. This document is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this information or any of its contents. Additional features: File: BAUWERK GROUP: Expansion in the USA and stable results in the first half of the year End of Inside Information |
Language: | English |
Company: | Bauwerk Group AG |
Neudorfstrasse 49 | |
9430 St. Margrethen | |
Switzerland | |
Phone: | +41 71 7477474 |
Fax: | +41 71 7477423 |
E-mail: | info@bauwerk-group.com |
Internet: | www.bauwerk-group.com |
ISIN: | CH0410370016 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1430509 |
End of Announcement | EQS News Service |
|
1430509 01-Sep-2022 CET/CEST