Secop Group Holding GmbH reports Q2-2023 financial results

Net Sales of Q2-2023 reached EUR 65,5m, which undercut previous year’s period Net Sales by EUR 5,0m (PY*: EUR 70,5m) due to a lower demand in some regions and segments following difficult political and economic circumstances in various regions in the world. In contrast, the Internal Adjusted EBITDA amounted to EUR 5,0m and exceeded the previous year’s period by EUR 0,7m (PY*: EUR 4,3m). A significantly improved Contribution Margin in % of Net Sales (Q2-2023: 23,2% vs. Q2-2022*: 17,3%) overcompensated the lower demand and slightly higher fixed costs. With EUR 1,1m, the Net Income of Q2-2023 also outgrew the previous year’s figure (PY*: EUR -1,5m), which is also true for the Operating Cash-Flow, which amounted to EUR 5,0m in Q2-2023 vs. EUR -5,6m in Q2-2022*.

* Note: The quarterly 2022 figures have been adjusted to properly reflect the application of IFRS 15 also in the interim reporting.

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact person set out above, at 15:00 CEST on 28 August 2023.