EQS-Adhoc: H&R GmbH & Co. KGaA: Publishing of preliminary results

Insider information pursuant to Article 17 of the Market Abuse Regulation [MAR]

H&R GmbH & Co. KGaA: Preliminary results 2024

• Preliminary operating result (EBITDA) exceeds previous year and last forecast at EUR 94.8 million

Salzbergen, Germany, February 27, 2025. H&R GmbH & Co. KGaA (H&R KGaA for short; DE000A2E4T77) achieved a solid operating result (EBITDA - consolidated earnings before interest, taxes, depreciation and amortization, impairment losses and reversals of impairment losses on intangible assets and property, plant and equipment) of EUR 94.8 million in financial year 2024 according to preliminary calculations (2023: EUR 92.7 million). The other earnings levels were also stable to slightly improved, with EBIT amounting to EUR 31.9 million (2023: EUR 30.3 million) and earnings before taxes (EBT) at EUR 20.7 million (2023: EUR 18.8 million). At the bottom line, consolidated net income attributable to shareholders amounted to EUR 10.6 million (2023: EUR 10.6 million). The result was achieved on sales revenues of EUR 1,338.2 million, which was 1.0% lower than in the previous year (2023: EUR 1,352.3 million).

A solid year overall for H&R despite challenges and volatility

For the company, 2024 was characterized above all by an overall subdued mood. There was a lack of significant impetus for an economic recovery in many of our customer industries at the start of the year, resulting in merely subdued demand and prices. Only the second half of the year brought more momentum, with significantly improved quarters that ensured our minimum expectations of EUR 90.0 million for 2024 were met or even slightly exceeded. Q4/2024 contributed a higher preliminary operating result of EUR 28.9 million to the full-year EBITDA (Q4/2023: EUR 26.1 million). The recovery in other results was more pronounced: EBIT and EBT in the fourth quarter were EUR 11.3 million and EUR 9.6 million respectively (Q4/2023: EUR 6.1 million and EUR 3.6 million). At EUR 4.3 million, consolidated net income attributable to shareholders was around EUR 5.1 million better than the previous year's figure (Q4/2023: EUR -0.8 million). On a quarterly basis, the company generated 2.9% higher sales of EUR 324.6 million compared to the same period of the previous year (Q4/2023: EUR 315.5 million).

For the year as a whole, operating cash flow decreased to EUR 70.2 million (2023: EUR 119.1 million), while free cash flow closed positive at EUR 15.8 million (2023: EUR 62.8 million). Total assets amounted to EUR 944.2 million at the end of the 2024 financial year (31.12.2023: EUR 903.2 million). Equity amounted to EUR 468.6 million as at the reporting date (31.12.2023: EUR 457.6 million), with a ratio of 49.6% (31.12.2023: 50.7%).

For a complete presentation of the business development including segment reporting and the annual financial statements, H&R KGaA refers to the publication of the Annual Report 2024 on March 28, 2025.

Contact:
H&R GmbH & Co. KGaA, Head of Investor Relations / Communication, Ties Kaiser
Neuenkirchener Straße 8, 48499 Salzbergen
Phone.: +49 40 43218-321, Fax: +49 40 43218-390
Mail: ties.kaiser@hur.com
www.hur.com

H&R GmbH & Co. KGaA:

Listed in the Prime Standard of the Frankfurt Stock Exchange, H&R GmbH & Co. KGaA is a specialty chemicals company active in the development and manufacture of chemical-pharmaceutical specialty products based on fossil, bio-based, synthesized and recycled hydrocarbons and in the production of precision plastic parts.

Forward-looking statements and forecasts:

This insider information pursuant to Article 17 of the Market Abuse Regulation [MAR] contains forward-looking statements. The statements are based on the current estimates and forecasts by the Management Team and the information available to it at this time. These forward-looking statements do not provide any warranty for the future developments and results contained therein. The future developments and results are dependent on a number of factors; they entail various risks and contingencies and are based on assumptions which could prove to be incorrect. We do not assume any responsibility for updating the forward-looking statements contained in this insider information pursuant to Article 17 of the MAR.