Rising costs impact earnings In Q1 2022, adjusted EBITDA amounts to EUR 53.5 million. Compared to the same period of the previous year, this corresponds to a decrease of EUR −29.1 million. The EBITDA margin is 9.5%. In addition to the decline in sales, the main reasons for this development are the sharp increase in material, transportation, and energy costs. Higher equity ratio At the end of Q1 2022, HARTMANN’s equity ratio was 62.5%, 4.4 percentage points higher than the prior-year figure of 58.1%. The net financial position was EUR 36.0 million, down from EUR 80.6 million as of 31 December 2021, due to increased capital primarily tied up in inventories that were expanded to secure customer supply chains. Stable number of employees As of 31 March 31 2022, the HARTMANN GROUP employed 10,544 people worldwide. This figure is slightly lower than the number of employees at the end of financial year 2021, with a decrease of −0.8%. This is mainly due to a decrease in employees at KOB in India. SHARE OF TOTAL SALES BY REGION in EUR million and percent 179.9 | 32.1% 33.6 | 6.0% 330.5 | 58.9% 16.8 | 3.0% Germany APAC EMEA (excl. Germany) Americas NUMBER OF EMPLOYEES IN THE HARTMANN GROUP 5,281 923 5,260 4,375 972 31.03.2022 31.12.2021 Germany Europe excluding Germany Outside Europe 10,628 10,544 Employees 4,361 Outlook Due to the unclear development of the Russian-Ukrainian war, material, transportation, and energy costs, as well as due to the coronavirus pandemic, the outlook for financial year 2022 is subject to a high degree of variability. HARTMANN is actively managing this situation. Depending on the continuation of the Russian-Ukrainian war, the Company has worked out possible scenarios with corresponding countermeasures and varying effects on business development. The most likely scenario confirms the current outlook for financial year 2022 with a moderate organic decline in sales and a declining adjusted EBITDA of EUR 190 to 230 million. Furthermore, against the backdrop of international crises relating to the coronavirus pandemic, HARTMANN will consistently continue with its implementation of the Transformation Program in the coming months. In view of the enormous challenges, this will make a significant contribution to increasing the competitiveness and securing a leading market position in the core segments in Europe. 5 Inform first quarter 2022 | Business development
RkJQdWJsaXNoZXIy NDU5MjM=