Jul 20, 2022 - Tallinn

Press release: ALSO Interim Report H1 2022

ALSO Interim Report H1 2022

EBITDA 128 million euros (+11.3%)

ROCE 13.8%

Total net sales according to IFRS 15: 5 525 million euros (-0.5%)

• -6.4% Supply

• +16.8% Solutions

• +9.3% Services

The strong performance in the new business areas compensated for the development of the consumer business in the traditional sector. As a result, sales were at the same high level as in the first half of 2021. The widespread positioning of the Technology Provider and the structural and process optimisations of the past years enabled a further increase of earnings before taxes (EBT +7.3%). The company not only strengthened its ongoing business and secured it through appropriate product stockpiling; at the same time, it continued to develop the new digital platforms and invested in technology and sales specialists. On top of that, additional acquisitions were completed.

The development of the first half of 2022 has made the importance of ALSO’s ecosystem and the MORE strategy even clearer. The diversification into different business models (3 S) allowed for sustainable profitable growth. Based on the M&A activities of recent years the company was also able to balance the different economic dynamics of the countries in which it operates.

Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN): “We confirm the targets for 2022 with EBITDA between 275 and 295 million euros and ROCE above 20%. In doing so, we must of course be aware of the imponderables that may arise from changes in the political and economic situation.”

Link to the ALSO Interim Report