Q1 2021 RESULTS
2 0 2 1
Frederic SIPAHI - CEO
Yann ALBRAND - CFO
April 26th, 2021
1 I
AGENDA
Q1 2021 RESULTS
BUSINESS UNITS
PERSPECTIVES
2 I
Q1 2021 Results
3 I
Q1 2021 Highlights
Revenues at €356.6m
vs 376.1m in Q1 2019
EBITDA at € 54.8m
vs €41.4m in Q1 2019
EBIT at € 25.9m
vs €12.5m in Q1 2019
Net Income at € 11.8
vs € +1.6m in Q1 2019
FCF at € 33.0m
vs €-1.6m in Q1 2019
Net debt1 at € 261.1
vs € 262.1m end march 2019
Q1 2021 up 5% on a reported basis (+9.3% at constant exchange rate) outperforming in all regions. Q1 2021 still behind Q1 2019 (-5.2%)
- EBITDA: 15.4% vs 11.3% in Q1 2020 and 11.0% in Q1 2019
- Fixed costs down by 10.0m€ vs Q1 2019 (-14.3% )
EBIT: 7.3% vs 2.3% in Q1 2020 and 3.3% in Q1 2019
Net income at € 11.8m vs € -5.6m in Q1 2020 and € 1.6m in Q1 2019
Free Cash Flow positive at € 33.0m (-€0.4m in Q1 2020 and - € 1.6m in Q1 2019) thanks to higher EBITDA margin and favorable working capital
Net debt of € 261.1m versus vs € 291.3m end of 2020 and in line with March 2019
Figures with IFRS 5 -"Non-current assets held for sale and discontinued operations" (Filtration Brazilian/Spanish subsidiaries sold in December 2020/January 2021 | |
1. FCF and Net debt excluding IFRS 16 | 4 I |
Q1 Sales
€m
January | February | March | Q1 | |
2019 | 124.3 | 120.7 | 131.1 | 376.1 |
2020 | 124.9 | 122.7 | 91.8 | 339.4 |
2021 | 114.5 | 111.6 | 130.5 | 356.6 |
Delta % 2021 vs 2019 | -7.9% | -7.5% | -0.5% | -5.2% |
Delta % 2021 vs 2020 | -8.3% | -9.0% | 42.1% | 5.0% |
5 I
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Sogefi S.p.A. published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 06:31:07 UTC.