In the first quarter of 2022, the coronavirus no longer significantly influenced HARTMANN’s business performance for the first time since the beginning of the pandemic. No positive effects materialized as a result of the extraordinary economic situation caused by the pandemic. The markets normalized, albeit at a reduced level compared to the growth trend prior to the coronavirus outbreak. The main factors influencing the first three months included the rising costs of materials, transportation, and energy, which had already been on the rise since last year. The outbreak of the Russian-Ukrainian war increased these costs massively once again. To offset some of the significantly higher costs, HARTMANN has announced necessary price increases in most product categories and markets. Ensuring the stability of supply chains to our customers requires a great deal of attention. In parallel, the Transformation Program will be continued. HARTMANN GROUP sales revenues for Q1 2022 were at EUR 560.8 million, representing a moderate organic sales decline of −6.1% compared to the same period of the previous year. Adjusted EBITDA was at EUR 53.5 million in Q1 2022, a decrease of EUR −29.1 million compared to the corresponding period in 2021. Overall, HARTMANN’s quarterly figures are in line with expectations. Depending on the course of the Russian-Ukrainian war, HARTMANN has calculated possible scenarios with corresponding countermeasures and varying effects on business development. The most likely scenario confirms the outlook published in the 2021 Annual Report with a moderate organic decline in sales and a declining adjusted EBITDA of EUR 190 to 230 million. On the following pages, we will provide you with detailed information on our key financial figures, while also addressing topics that concern us at HARTMANN: the Russia-Ukraine war, sustainability and – as in previous reports – the coronavirus pandemic. Kind regards and take care! Britta Fünfstück
RkJQdWJsaXNoZXIy NDU5MjM=