PTA News: POLYTEC HOLDING AG: Positive net result in the first quarter / Good start to the 2025 financial year

DJ PTA News: POLYTEC HOLDING AG: Positive net result in the first quarter / Good start to the 2025 financial year

Corporate announcement for the capital market

POLYTEC HOLDING AG: Positive net result in the first quarter / Good start to the 2025 financial year

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Hörsching (pta000/15.05.2025/07:53 UTC+2)

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The POLYTEC GROUP's earnings after taxes amounted to EUR 1.0 million in the first quarter of 2025 (Q1 2024: EUR -1.4 million). This corresponds to earnings per share of EUR 0.04 (Q1 2024: EUR -0.07). After several quarters of negative net earnings, earnings after taxes took a significant turn to positive territory in the months January to March 2025.

The POLYTEC GROUP's consolidated sales amounted to EUR 181.4 million in the first three months of 2025. Compared to the first quarter of 2024, group sales increased by 5.3% or EUR 9.1 million (Q1 2024: EUR 172.3 million).

From today's perspective, the management of POLYTEC Holding AG expects planned sales in the range of EUR 650 million to EUR 700 million for the 2025 financial year and is targeting an EBIT margin of approximately 2% to 3%. The measures initiated in previous periods to increase operational efficiency are showing improvements and are expected to take full effect over the course of the year.

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Key figures for the first quarter of 2025

* Group sales amounted to EUR 181.4 million (Q1 2024: EUR 172.3 million)

* EBITDA amounted to EUR 10.8 million (Q1 2024: EUR 9.2 million)

* EBITDA margin 6.0% (Q1 2024: 5.3%)

* EBIT amounted to EUR 3.2 million (Q1 2024: EUR 1.4 million)

* EBIT margin 1.8% (Q1 2024: 0.8%)

* Earnings after taxes EUR 1.0 million (Q1 2024: EUR -1.4 million)

* Earnings per share EUR 0.04 (Q1 2024: EUR -0.07)

* Equity ratio at 41.8% (31.12.2024: 41.7%)

* Employees (including temporary staff, FTE full-time equivalents) as of March 31, 2025: 3,709 (3,968)

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In the Passenger Cars & Light Commercial Vehicles market segment, the POLYTEC GROUP's strongest sales segment with 75.5% (Q1 2024: 73.7%), sales of EUR 137.0 million were achieved in the months January to March 2025, which was 8.0% or EUR 10.1 million higher than the comparable figure for the previous year (Q1 2024: EUR 126.9 million).

Sales in the Commercial Vehicles market segment (share 13.0%; Q1 2024: 15.0%) decreased by 8.5% from EUR 25.8 million to EUR 23.6 million compared to the same period last year.

In the Smart Plastics & Industrial Applications market segment, revenues increased by 6.1% from EUR 19.6 million to EUR 20.8 million compared to the first quarter of the previous year. The share of this market segment in the POLYTEC GROUP's consolidated sales remained at the previous year's level at 11.5%.

As announced in the outlook for the full year 2025 as part of the publication of the 2024 annual figures at the end of April, a further improvement in the earnings situation was expected for the first quarter of 2025.

POLYTEC GROUP's EBITDA increased by 18.0% from EUR 9.2 million to EUR 10.8 million in the first three months of 2025 compared to the same period of the previous year. The EBITDA margin increased by 0.7 percentage points to 6.0% compared to the same quarter of the previous year.

Earnings before interest and taxes (EBIT) amounted to EUR 3.2 million in the first quarter of fiscal year 2025 (Q1 2024: EUR 1.4 million). The EBIT margin increased by 1.0 percentage point from 0.8% to 1.8% compared to the first quarter of the previous year.

The financial result amounted to EUR -2.1 million in the first three months of 2025 (Q1 2024: EUR -2.6 million); the reduction was a result of lower interest rates and reduced financial liabilities.

As of March 31, 2025, the Group's total assets amounted to EUR 506.0 million, the same level as at the end of the annual reporting period on December 31, 2024. The equity ratio, at 41.8%, was also at the high level of the previous reporting date.

As of March 31, 2025, POLYTEC had 3,709 employees (including temporary staff, FTE full-time equivalents). Compared to the previous year's reporting date (3,968 FTE), the number of employees was reduced by a total of 259 FTE, or 6.5%.

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Outlook for fiscal year 2025 (unchanged):

From today's perspective, the management of POLYTEC Holding AG expects planned sales in the range of EUR 650 million to EUR 700 million for the 2025 financial year and is aiming for an EBIT margin of around 2% to 3%.

The measures introduced in previous periods to increase operational efficiency are showing improvements and are expected to take full effect over the course of the year.

In order to optimize the strategic direction and future economic performance of the POLYTEC GROUP, work is underway to adapt the current production and service portfolio. This should result in further improvements in earnings in the medium term.

Due to the significant reduction in net debt and improvement in the financial result in conjunction with an assumed further decline in interest rates, a positive result after taxes is targeted for the 2025 financial year.

However, achieving this outlook is subject to uncertainty. The automotive industry continues to be characterized by a volatile market environment, uncertain demand trends, and the stalled transformation toward electric mobility.

The POLYTEC GROUP has a strong market position within and outside the automotive sector and is confident about the future.

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The interim report of POLYTEC Holding AG as of March 31, 2025, is available for download on the company's website under Investor Relations, Publications.

https://www.polytec-group.com/investor-relations/publications

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 Sender: POLYTEC HOLDING AG
Polytec-Straße 1
4063 Hörsching
 Austria
Contact: Paul Rettenbacher
Phone: +43 7221 701 292
Email: [email protected]
Website: www.polytec-group.com
ISIN(s): AT0000A00XX9 (share)
Stock exchange(s): Vienna Stock Exchange (Official Market)

[ source: https://www.pressetext.com/news/1747288380306 ]

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(END) Dow Jones Newswires

May 15, 2025 01:53 ET (05:53 GMT)