Finanziell
Preissensitiv
The Board of Directors approves Q1 2023 Consolidated Results
05/11/2023 - 07.00 AM
Revenues and Adjusted EBITDA in line with 2023 guidance
Revenues up 8.4% from the first quarter 2022
Strong operating profitability with Adjusted EBITDA Margin at 21.5%
Ramp-up of the Energy Transition business (related to green hydrogen) continues with revenues at 5.9 times the 2022 figure and EBITDA Margin of 20%.
Resignation of the Group Chief Financial Officer
KEY CONSOLIDATED RESULTS FOR THE QUARTER:
Revenues: Euro 216.9 million (Euro 200.1 million in Q1 2022, +8.4%)
Adjusted EBITDA : Euro 46.7 million (Euro 55.2 million in Q1 2022, -15.5%)
Net profit: Euro 25.0 million (Euro 26.5 million in Q1 2022, -5.8%)
Positive cash and cash equivalents of Euro 10.1 million, compared to cash and cash equivalents of Euro 51.3 million as of December 31, 2022.
Plans were launched to expand the group's production capacity of the plants in Japan, China, the US and Germany and activities started to build the Gigafactory in Cernusco sul Naviglio, Milan.
De Nora
Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange, specializing in electrochemistry, a leader in sustainable technologies, and has a vital role in the industrial green hydrogen production chain. The Company has a portfolio of products and systems to optimize the energy efficiency of critical industrial electrochemical processes and a range of products and solutions for water treatment. Globally, Industrie De Nora is the world's largest supplier of activated electrodes (serving a broad portfolio of customers operating in the fields of chlorine & caustic soda production, components for electronics, and non-ferrous metal refining). Industrie De Nora is also among the world's leading suppliers of water filtration and disinfection technologies (for the industrial, municipal, and marine sectors) and the world's leading swimming pool disinfection components supplier. Leveraging its well-established electrochemical knowledge, proven manufacturing capability, and a supply chain established over the years, the Company has developed and qualified a portfolio of electrodes and components to produce hydrogen through the electrolysis of water, which is critical for the energy transition.
Founded in 1923, Industrie De Nora generated total revenues of over EUR 850 million and Adjusted EBITDA of EUR 190 million in 2022 (preliminary results as of 31 December 2022). The Company's growth process has developed organically through continued penetration of new markets and applications and through acquisitions in the U.S., Asia, and Europe. De Nora’s continuous innovation drives its growth represented by its evolving intellectual property portfolio, which currently includes more than 260 patent families with more than 2,800 territorial extensions. The Company's portfolio includes a stake (about 34 percent) in the thyssenkrupp nucera joint venture, a world-leading engineering company in chlorine production and water electrolysis plants to produce hydrogen. The De Nora family controls the Group, which owns approximately 55 percent of the Company’s share capital. Snam S.p.A. is a minority shareholder with about 26 percent of the capital.
Investor Relations
Chiara Locati
+39 02 2129 2124
ir@denora.com
Media Relations
Barabino & Partners
Office: +39 02/72.02.35.35
Sabrina Ragone – s.ragone@barabino.it +39 338 25 19 534
Alberto Piana – a.piana@barabino.it +39 342 76 70 164
Via Leonardo Bistolfi, 35
20134 Mailand, Italien
+39 02 21291
industriedenora@denora.com
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Grundkapital: 18.268.203,90 € – vollständig eingezahlt – Handelsregisternummer MI / Umsatzsteuer-Identifikationsnummer 03998870962 – REA-Nummer MI – 1717984