Corporate announcement for the capital market
Reinach (pta008/24.08.2022/08:00) – Aluflexpack AG, one of three divisions of Montana Tech Components AG owned by the Austrian entrepreneur Michael Tojner, achieved historically high sales of EUR 164.8 million in the first half of 2022 and was able to increase its adjusted EBITDA by 13.6%.
The net sales of Aluflexpack AG, which is listed on the SIX Swiss Exchange, increased by 30.2% to EUR164.8 million (H1 2021: EUR126.5 million). Adjusted for consolidation effects from the Turkish subsidiary acquired in May 2022, organic growth was 27.0%.
In the first half of 2022, Aluflexpack AG achieved an adjusted EBITDA of EUR 24.3 million, compared to EUR 21.4 million in the same period of 2021, which corresponds to an increase of 13.6%.
The strongest growth was achieved in the first half of 2022 in the pharmaceutical end market (59%). In the “Other food” end-market such as baby food, beverages or jams, Aluflexpack saw significant growth of 58%, followed by growth in the confectionery (24%), dairy (33%), pet food (22%) and other non-food end-markets -Products (28%) such as cosmetics or detergents.
Aluflexpack AG updates forecast
With the publication of the business figures for the first half of 2022, Aluflexpack will update the forecast. Net sales are expected to be between EUR 320-350 million (previously: EUR 310-330 million), the adjusted EBITDA for the full year 2022 between EUR 39-44 million (previously: EUR 35-40 million).
New strategy 2025: Net sales to be increased to EUR 500 million
With the newly presented Strategy 2025, the company wants to secure its position at the top of the industry in the long term. In addition to new accents in sustainability and product innovation, a strengthening of organization and efficiency, Aluflexpack wants to continue to position itself as a solution-oriented provider of high-quality flexible packaging and barrier solutions and thus strengthen business in existing and new markets. Net sales are to be increased to EUR 450-500 million by 2025. At the same time, Aluflexpack AG has set itself the goal of achieving an EBITDA margin of between 14-16% by 2025.
“Despite the global crisis, we were able to master the challenges such as bottlenecks in the supply chain and cost increases with ease. Each and every one of us has shown great commitment. Now we want to continue investing in our employees and our corporate culture, which makes us stronger together.” , says Johannes Steurer, CEO of Aluflexpack AG.
Michael Tojner, majority owner of Aluflexpack AG and CEO Montana Tech Components AG: “The first half of the year confirms the successful course of the group. Aluflexpack has developed excellently in the last ten years through the right organic and inorganic growth initiatives as well as targeted investments in modern production facilities. The latest example of this is the 70 million euro expansion project in Drniš (Croatia). With its dynamic growth strategy and expansion program, Aluflexpack is well prepared for the future and is already one of the top 3 players in Europe.”
Montana Tech Components AG with the three divisions Aluflexpack AG, Montana Aerospace AG and VARTA AG generated total sales of EUR 1.1 billion in the second quarter of 2022 (+26.8% compared to June 30, 2021). The EBITDA in the first half of the year amounted to EUR 154.8 million (+11.6%).
About MONTANA TECH COMPONENTS AG
Founded in 2006, MONTANA TECH COMPONENTS AG is a globally active industrial group specializing in key technologies in future markets. The companies in the growth-oriented group are among the market leaders in their respective fields. With its focus on selected key technologies, market leadership and ongoing innovations, MTC is pursuing a sustainable growth strategy in its divisions – VARTA AG, Aluflexpack AG, Montana Aerospace AG. In 2021, the group generated sales of EUR 1.96 billion. Montana Tech Components has 88 locations in 37 countries around the world and as of Q4 2021 employs around 13,000 highly qualified people.
http://www.montanatechcomponents.com
About ALUFLEXPACK AG
ALUFLEXPACK manufactures flexible packaging solutions for end markets such as coffee & tea, pharmaceuticals, pet food, confectionery and dairy. Well-founded know-how, service flexibility and innovative strength are the basis for long-term customer relationships, both with local companies and with large international corporations. ALUFLEXPACK, headquartered in Reinach (AG), Switzerland, has four production sites in Croatia in addition to one production site each in Switzerland, France, Turkey and Poland. In 2021, the company generated total sales of around 266 million euros. At the end of June 2022, the number of employees was around 1470.
Query note:
Jurgen Beilein
Tel: +43 664 831 2 841
Email: j.beilein@montanatechcomponents.com
http://www.montanatechcomponents.com
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Sender: Montana Tech Components AG
Address: Alte Aarauerstrasse 11, 5734 Reinach
Country: Switzerland
Contact person: Jürgen Beilein
Tel.: +43 664 831 2 841
E-Mail: j.beilein@montanatechcomponents.com
Website: www.montanatechcomponents.com
ISIN(s): – (Other)
Stock exchanges: SIX Swiss Exchange
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