12.8% revenue growth
Group revenue of €220.0m in first half year 12.8% significantly higher than in prior year (€195.0m); +10% at constant exchange rates; increase in second quarter by 8.0% to €119.0m (prior year: €110.2m); +5% at constant exchange rates.
EBIT impacted by cost increases
Group EBIT of €12.9m in first half year down on prior year (€18.0m); decrease in second quarter to €8.3m (prior year: €14.5m) with 7.0% EBIT margin (prior year: 13.1%)
Free cash flow below prior year
Free cash flow (including repayment of lease liabilities) €–6.8m in first half year (prior year: €14.2m), largely due to increase in inventories for safety stocks
Guidance for full year 2022 adjusted
Significant increase in revenue of 10% – 12% (initially 5 %– 9%) with an EBIT margin of 8% – 9% (initially double-digit)
(€m)
(na
| HY1 2022 | HY1 2021 | |
| Equipment and service | 185.4 | 166.0 |
| Chemicals | 31.6 | 25.8 |
| Others | 3.0 | 3.2 |
(by product)
(€m)
(€m)
*including the repayment of lease liabilities
(€m)
(in%)
