Feb 22, 2022 - Tallinn

Press release: ALSO exceeds guidance. Net profit increased by 19% (154 million euros)

• EBITDA up 13% (257 million euros)

• ROCE over 26% (21% yoy)

• Cash balance 617 million euros (+28%)

• Medium-term targets increased

These results were achieved with net sales of 12.4 compared to 11.9 billion euros in 2020 almost entirely through organic growth. A significant contribution was made by the performance in Solutions and Service, especially in Q4.

In view of this positive overall development, the Board of Directors proposes to the shareholders an increase in the dividend with a payout of CHF 4.30 per share.

For 2022, ALSO is targeting an increase in EBITDA to between 275 and 295 million euros and reach a ROCE of over 20%. Key activities to achieve this are:

• Acceleration of growth

• M&A in new regions and additional technologies

• Expansion of additional capabilities in Solutions and Service

• Further development of operational excellence

For this reason, the company is raising its medium-term targets to an EBITDA of between 330 and 420 million euros and a ROCE of over 20%.

Gustavo Möller-Hergt, CEO ALSO Holding AG (SIX: ALSN), summarises: “In recent years, ALSO has continuously invested in digital platforms, scalable business models and digital management tools. This has given us the foundation to leverage the intensity and speed of change to further develop sustainable profitable growth with our execution-oriented strategy.”

Link to the ALSO Annual Report

Link to the Press Release