KLINGELNBERG Group: publication of the 2021/22 annual report







KLINGELNBERG S.A.

Binzmühlestrasse 171

8050 Zürich, Switzerland

Ad hoc advice within the meaning of art. 53 RC (Listing Rules of SIX Exchange Regulation)

KLINGELNBERG Group:

  • Order intake reaches highest level in company history in fiscal year 2021/22 – order backlog at record high
  • Turnover close to the level of the previous financial year
  • Clearly positive result expected for the current financial year
  • Opportunities exploited in promising areas such as wind energy and electromobility
  • CEO Jan Klingelnberg: “Our company has mastered the existentially threatening crisis and is strong again. Sales and profits will increase visibly in the new financial year.”

Zürich, June 22, 2022 – The KLINGELNBERG Group (SIX: KLIN), one of the world’s leading manufacturers of advanced gear technology for a wide range of industries, successfully completed the past financial year, which was once again and even more hard hit by external crises. Despite the burdens resulting from the flooding that occurred at the company’s most important production site, KLINGELNBERG was able to record the highest order intake in its history in the past financial year with a volume total of approximately 268.9 million euros. At the same time, the order book reached a record level of EUR 268.0 million (previous year: EUR 157.7 million). KLINGELNBERG’s targeted engagement in fast-growing sectors such as wind energy and electromobility is one of the factors contributing to this great success. The financial year of the KLINGELNBERG group ended on March 31.

In particular, flooding caused by heavy rains in July last year had a negative impact. Shortly after the start of the 2021/22 financial year, on July 14, 2021, large parts of the Hückeswagen main site with approximately 750 employees were flooded following regional torrential rains. For days it was uncertain whether KLINGELNBERG could recover from the severe economic damage caused. Thanks to the great joint efforts of the majority shareholder, the board of directors, the general management, the management as well as the employees, KLINGELNBERG has also succeeded in overcoming this crisis.

In the last financial year 2021/22, despite a production stoppage of several weeks, the KLINGELNBERG group achieved sales at the level of the previous financial year. At the same time, the Company was able to limit its negative operating result (EBIT), which was initially expected to be between -30 and -40 million EUR, to -15.7 million EUR – also as

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result of secure government flood relief payments. Order intake for the full year increased by EUR 53.4 million from EUR 215.5 million last year to EUR 268.9 million. The order book amounted to EUR 268.0 million and was therefore EUR 110.3 million higher than the prior year’s comparative figure of EUR 157.7 million, an increase of approximately 70%.

KLINGELNBERG is traditionally financed in a solid and stable way. The equity ratio reached 38.3% despite the effects of the floods.

The Management Board and the Board of Directors will propose to the General Meeting of August 23, 2022 not to distribute dividends due to the negative result for the 2021/22 financial year.

Jan Klingelnberg, CEO of the KLINGELNBERG Group, said: “Our company has mastered the existentially threatening crisis and is now strong again. KLINGELNBERG is contributing above average to the expansion of the global wind energy market. quality requirements of our customers, we win major orders in the e-mobility sector. KLINGELNBERG has positioned itself excellently, especially in the global mining and commodities industry, with its renewed willingness to invest. Today, we can confirm: KLINGELNBERG is on course, and we are confident for the current financial year and the following ones. KLINGELNBERG is highly innovative, ideally positioned in relation to global megatrends such as renewable energies, the transformation towards e-mobility and the extraction of raw materials. We will be able to take advantage of the opportunities we have created. There are still challenges like, for example, with regard to supply chains, but the Company You must and will be able to deal with that.”

For the 2022/23 financial year, we expect a significant increase in sales. The reasons for this are the almost complete elimination of flood-related production constraints and the high order backlog, which increased by EUR 110.3 million to EUR 268.0 million in fiscal year 2021. /22. The EBIT margin is expected to be above 6% in fiscal year 2022/23.

The complete annual report for the financial year 2021/22 of the KLINGELNBERG group is available online. please go to https://klingelnberg.com/en/investors/financial-reports.

Contact:

Jan Klingelnberg / Christoph Kuster

KLINGELNBERG S.A.

Binzmühlestrasse 171

8050 Zürich, Switzerland

E-mail: [email protected]

Telephone: +41 44 278 7940

About KLINGELNBERG

Founded in 1863, KLINGELNBERG is one of the leading companies in the global gear industry. The company develops and builds machines for the production of bevel and cylindrical gears, measuring centers for axially symmetric parts of all kinds, including high-precision transmission components according to customer specifications. With headquarters in Zürich, Switzerland, and more than 1,000 employees, KLINGELNBERG operates development and production sites in Zürich (Switzerland), Hückeswagen and Ettlingen (Germany) and is represented by sales and service subsidiaries in Germany. , Switzerland, France, Italy, Spain, Japan, India, China, Brazil, United States and Mexico. KLINGELNBERG shares are listed on the SIX Swiss Exchange (KLIN).

Disclaimer

This press release contains forward-looking statements that may involve certain risks, uncertainties and changes that are not foreseeable and beyond the control of the KLINGELNBERG group. Accordingly, the KLINGELNBERG Group makes no representations regarding the accuracy of such forward-looking statements, their effect on the financial condition of the KLINGELNBERG Group or the market in which the shares and other securities of the KLINGELNBERG Group are traded.

In addition, this press release contains alternative performance indicators that are not defined or listed in the recognized accounting standard in force (Swiss GAAP RPC).

These non-SwissGAAP-FER financial measures have limitations as analytical tools and should not be considered indicators of or alternatives to Group results or any measure of performance or liquidity under Swiss GAAP FER as stated in its consolidated financial statements. The non-Swiss GAAP FER financial measures should therefore be considered supplementary information and read only in conjunction with the Group’s consolidated financial statements. Because not all companies calculate these or other non-Swiss GAAP RPC financial measures in the same way, the manner in which KLINGELNBERG Group management has chosen to calculate the non-Swiss GAAP RPC financial measures presented here may not be comparable with similarly defined terms. used by other companies. Accordingly, you are cautioned not to place undue reliance on any non-Swiss GAAP FER financial measures and ratios included herein.

Disclaimer

Klingelnberg AG published this content on June 22, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 22, 2022 04:14:05 UTC.

Public now 2022

All news about KLINGELNBERG AG

2022 sales 191M
202M
202M
2022 net income -16.0M
-16.9M
-16.9M
Net debt 2022 22.7 million
23.9 million
23.9 million
PER 2022 ratio -8.21x
2022 return
Capitalization 130M
138M
138M
EV / Sales 2022 0.80x
EV / Sales 2023 0.67x
# of employees 1,181
Floating 44.2%


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Number of analysts 2
Last closing price €14.74
Average target price €25.48
Average Spread / Target 72.9%


Jacob L. Thornton