Quarterly report for the 3rd quarter of 2021

Uzin Utz Group

Quarterly report for the 3rd quarter of 2021

Uzin Utz AG

Quarterly report for the 3rd quarter of 2021

Content

Uzin Utz on the capital market ........................................................................................

2

Economic conditions ......................................................................................................

2

Changes in the consolidation group ................................................................................

3

Significant events in the reporting period .........................................................................

3

Significant events after the reporting period ....................................................................

3

Profit situation................................................................................................................

3

Employees ....................................................................................................................

4

Capital status.................................................................................................................

4

Financial status..............................................................................................................

4

Outlook..........................................................................................................................

5

Disclaimer .....................................................................................................................

5

Sales revenues: + 15.1%

EBIT: + 50.2%

EBIT = earnings before interest and taxes

Earnings per share: + 52.0%

1

Quarterly report for the 3rd quarter of 2021

Due to the presentation in EUR million, rounding differences may occur in this quarterly report.

Uzin Utz on the capital market

The Uzin Utz AG share rose by 48.18% in the first nine months of the 2021 financial year.

in €

Economic conditions

The German economy grew in the summer months despite difficulties in raw materials and supply conditions. In the second quarter, GDP recorded an increase of 1.9% according to new calculations. The Federal Statistical Office has announced that the gross domestic product (GDP) in the third quarter of 2021 increased by 1.8% (adjusted for price, seasonal and calendar effects) compared to the previous quarter. Compared to the third quarter of the previous year, GDP increased by 2.5%. The recovery of the economy is thus continuing. This development is due to higher private consumer spending. Nevertheless, the values are still below the pre- crisis level.

The Association of German Chambers of Industry and Commerce (DIHK) assumes that the recovery process weakened in the third quarter due to persistent material bottlenecks and rising energy and raw material prices. In addition, a lack of skilled workers and structural change are hampering growth, which is why the pre-crisis level will most likely not be reached again until the end of the year.

The recovering economy is also having a positive effect on the construction industry, despite supply bottlenecks and rising material costs. The Corona crisis brings with it a strong focus on one's own four walls. This has led to a do-it-yourself boom. But demand for new flats and houses also remains high. Experts and building associations see especially high employment

2

Quarterly report for the 3rd quarter of 2021

and real income growth, favourable financing conditions as well as continued high immigration to the metropolitan areas as drivers for this development.

Despite the massive price increases in energy and raw material costs and the scarce availability of freight space, Uzin Utz reports a very solid Q3 2021.

Changes in the consolidation group

There were no changes in the group of consolidated companies in the third quarter of 2021.

Significant events in the reporting period

There were no significant events in the third quarter of 2021.

Significant events after the reporting period

With effect from May 01, 2021, the active business operations in Norway were transferred to the company Industri og Boligprodukter AS (IBG). As a result, the sales company Uzin Utz Norge AS will be closed during the year.

Profit situation

in Mio. EUR

Q1-Q3 2021

Q1-Q3 2020

Deviation

Group net sales (incl. license revenues)

329.8

286.5

15.1%

Material use

144.0

126.3

14.0%

Inventory change

-0.7

2.9

Materials usage rate *

43.7%

43.6%

Depreciation amount

11.6

10.9

6.1%

Other operating expenses

55.7

53.2

4.6%

EBITDA

50.8

37.0

37.2%

EBIT

39.3

26.1

50.2%

Financial result

-0.9

-1.1

19.2%

Group earnings after taxes

27.8

18.0

54.3%

* incl. inventory changes

3

Quarterly report for the 3rd quarter of 2021

Employees

The number of employees within the Group as at September 30, 2021 was 1,422 (1,336). In addition, 54 (48) young people were given the opportunity to complete an apprenticeship. The ratio of personnel expenses to sales revenue is 25.1% (26.5). In absolute terms, personnel expenses rose by around EUR 7.0 million from EUR 75.9 million to EUR 82.9 million.

Capital status

in Mio. EUR

Q1-Q3 2021

Q1-Q3 2020

Deviation

Balance sheet total

359.8

332.1

8.3%

Group's fixed assets*

192.8

183.1

5.3%

Share of the balance sheet total

53.6%

55.1%

Customer receivables

51.9

46.6

11.4%

Inventories

61.3

49.6

23.7%

Cash and cash equivalents

38.9

38.9

-0.1%

* excluding investment property

Financial status

in Mio. EUR

Q1-Q3 2021

Q1-Q3 2020

Deviation

Equity

211.9

181.3

16.9%

Share of equity in the balance sheet total

58.9 %

54.6%

Non-current liabilities

51.9

70.9

-26.7%

Current financial liabilities **

23.3

22.0

5.9%

Trade payables

22.4

16.0

39.6%

Current provisions

33.1

29.3

12.7%

Other current liabilities

17.2

12.6

36.9%

** including liabilities from leasing

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Uzin Utz AG published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 08:39:07 UTC.