Paul Hartmann : HARTMANN issues earnings warning for 2022
December 07, 2021 at 07:32 am EST
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Heidenheim, December 6, 2021 - The HARTMANN GROUP expects a moderate organic decline in sales for financial year 2022 with an adjusted EBITDA in the range of EUR 180 to 220 million, which corresponds to a decline of approximately EUR 35 million as compared to 2021. The extraordinary boom in personal protective equipment and disinfectants has subsided. In the end, the pandemic has caused the market to shrink due to a decreased utilisation of capacities in hospitals and nursing homes, combined with significant increases in raw material prices and transportation costs.
Measures launched as part of the Transformation Program in 2019 have made strong contributions to earnings, which have largely, but not completely, offset the aforementioned negative effects of the pandemic. The program will therefore continue to be implemented as planned. The Transformation Program aims to boost the competitiveness of the core businesses by increasing the innovation rate and improving the costs position, thereby strengthening the Company in the medium and long-term.
Cost reductions remain a clear focus, but HARTMANN is nevertheless adhering to its extensive investment plans to strengthen the Company. As in 2020 and 2021, investments of 150 million euros are planned for the coming year, which is over twice the amount invested in previous years. This will primarily be used to modernize production facilities and their infrastructure, for example at the Kneipp and KOB subsidiaries in Germany, as well as for core business areas in Germany (Herbrechtingen), France and Poland. Furthermore, HARTMANN is introducing a growing number of innovative products, including: silicone wound dressings that offer clear advantages for nursing staff and patients; products for wound diagnosis based on artificial intelligence; new designs in incontinence products; and highly effective products for disinfection. With these, HARTMANN is increasing its share of innovative products.
About the HARTMANN GROUP:
The HARTMANN GROUP is one of the leading European providers of professional medical and care products and associated services. Every day, healthcare professionals and patients rely on HARTMANN brands in the core segments of Incontinence Management (e.g. MoliCare®), Wound Management (e.g. Zetuvit®) and Infection Prevention (e.g. Sterillium®). This is expressed in our brand promise of "Helps. Cares. Protects." In 2020, HARTMANN achieved sales of EUR 2.4 billion. Founded in 1818, the company is present with its products and solutions in 130 countries around the world. For the future, the HARTMANN GROUP is currently implementing its strategic Transformation Program with its high-performance, customer-oriented and passionate team.
For the latest information about HARTMANN's healthcare business, follow @HARTMANN_GROUP on Twitter. You can find out more about the HARTMANN GROUP at: www.hartmann.info
Paul Hartmann AG published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 12:31:05 UTC.
Paul Hartmann AG is a Germany-based holding company that is principally engaged in the field of medical and healthcare products. The Company operates through four segments, namely Wound Management, Incontinence Management, Infection Management and Other Group Activities. The Wound Management segment comprises wound dressings, as well as products for compression treatment, immobilization, First Aid and diagnostic devices. The Incontinence Management segment includes absorbent products worn close to the body for incontinence hygiene, such as under pads for patients as well as patient hygiene products and medical skin care. The Infection Management segment covers a range of custom procedure trays, surgical draping systems, surgical clothing, and surgical and examination gloves as well as the disinfection assortment. The Other Group Activities includes activities in cotton-wool products, feminine hygiene, baby care, medical consumer goods and pharmaceutical products, among others.
PAUL HARTMANN AG 
