Baikowski: 2021 Annual Results
15 April 2022 - 2:00AM
Business Wire
Strong growth in results after an atypical
year Good start to 2022
Regulatory News:
Baikowski (Paris:ALBKK):
"The year 2021 once again demonstrated the strength of the
Baikowski model with solid annual results in a still turbulent
environment. The Group remains vigilant and mobilized with regard
to the economic situation and its global macroeconomic
consequences, but confirms its growth trajectory.”
Benoît GRENOT - CEO
Consolidated figures (in millions of
euro)
2021*
2020
Revenue
44.9
35.6
EBITDA1
As a % of revenue
11.8
26.2%
6.9
17.1%
EBIT (Operating income)
7.0
1.7
Group share of net income
6.8
1.3
* Audit Status of the 2021 consolidated financial statements:
the audit procedures on the financial statements have been
completed and the statutory auditors' report is being prepared.
The Baikowski® Group's consolidated annual revenues for fiscal
year 2021 amounted to €44.9M, up sharply by +26% compared to 2020,
and by +11% compared to 2019. The Group has confirmed its solid
international momentum with 97% of its sales coming from exports,
including 20% in Europe and 77% worldwide.
Business is growing in all the Group's major international
markets. It continues to be driven by strong demand from the
electronics, automotive and polishing markets, which performed well
throughout the year. The semiconductor market continued to grow
strongly with sales linked to the needs of new technologies.
In line with its strategy of deployment by added value,
Baikowski® continued to invest in innovation with a
customer-oriented approach.
All results are fully in line with this growth in activity. EBIT
was €7.0M, representing a margin of 15.6% of revenues.
EBITDA1 amounted to €11.8M, representing 26.2% of
revenues.
The financial result for the year 2021 is an income of €0.4M
compared to €- 0.2M in 2020, and the corporate tax charge is €
-0.7M (€-0.2M in 2020).
The Group's share of net income is €6.8M, up sharply from €1.3M
in 2020, or 15.1% of revenues. The Board of Directors will propose
a dividend of €0.85 per share to the General Meeting of
Shareholders.
The Group enjoys a very solid financial situation with a closing
cash position of € 9.4M. With shareholders' equity of €40.8M and
net financial debt of €4.6M, decrease of €10.0M compared to 2020,
the Group's gearing (net financial debt/net equity) is 11% at the
end of 2021.
1 EBITDA = Earnings before interest, taxes, depreciation and
amortization and including profits from consolidated companies
using the equity method.
After a strong start to year, the Group
remains confident in the execution of its roadmap.
Next important date : June 8, 2022 - Annual
General Shareholders ’Meeting
About Baikowski® : Baikowski® has existed for a hundred
years and is a leading manufacturer of specialist industrial
minerals and, more particularly, of ultra-pure alumina powders and
formulations, as well as of other high-quality oxides and
composites such as spinel, ZTA, YAG and cerium for technical
ceramic applications, precision polishing, crystals and additives
or coverings. The quality of Baikowski®’s products is appreciated
by a variety of high-tech markets including the lighting,
watchmaking, mobile phone, microelectronic, automotive, defense and
medical industries.
Complete information on the company may be
found at: www.baikowski.com - finance@baikowski.com Euronext
: ALBKK - ISIN : FR0013384369
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version on businesswire.com: https://www.businesswire.com/news/home/20220414005424/en/
Aelium Financial communication Valentine Boivin +33 (0)1
75 77 54 65 finance@baikowski.com
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