Exyte Continues Strong Performance During 6M/2021
Order intake up 32.8%, reaching € 3,175 million
Sales increase by 34.2% to €2,250 million
Adjusted EBIT rose to €122 million
Stuttgart, 12. August 2021. Exyte continued its strong performance throughout the first half of 2021. Sales reached €2,250 million with adjusted EBIT increasing to €122 million. The region EMEA remained the strongest region and Advanced Technology Facilities the largest business segment.
In the first half of the year, sales increased in all regions and all global business units, growing by 34.2% to €2,250 million (6M/2020: €1,677 million). At €1,232 million (6M/2020: €1,014 million), the region EMEA was the strongest due to ongoing major projects in Ireland, Germany, and Israel. With sales for semiconductor projects in Singapore and China increasing, the region APAC also gained momentum, growing to €659 million (6M/2020: €382 million) in sales. Due to the Advanced Technology Facilities (ATF) business segment, sales in AMER rose to €245 million (6M/2020: €190 million). Overall, order intake increased by 32.8% to €3,175 million (6M/2020: €2,391 million). Free cash flow was at €245 million.
Adjusted EBIT amounted to €122 million, a YOY increase of 54.9% (6M/2020: €79 million), and the adjusted EBIT margin increased from 4.7% to 5.4%, reflecting an excellent performance in all global business units as well as in the business area Technology & Services (T&S).
Semiconductor market remains main driver
The business segment ATF remains the strongest segment, with sales increasing by €564 million year-over-year to €1,971 million on account of large ongoing projects for semiconductor clients in EMEA and APAC. Order intake for the Biopharma & Life Sciences (BLS) business segment almost tripled due to additional major projects, reaching €337 million (6M/2020: €130 million), while sales more than doubled to €170 million (6M/2020: €80 million). Due to a significant project awarded in Israel, the order intake of the Data Center (DTC) business segment reached €158 million (6M/2020: €3 million).
Growth path continues
“We are continuing to outperform our plans for 2021,“ says Dr. Wolfgang Büchele, CEO of Exyte. “Some projects are delivering better than expected and clients are expanding capacities at a faster rate than anticipated. All in all, the market situation for Exyte is promising and together with our growing workforce of dedicated individuals, I am convinced that we have a steep incline of growth ahead of us.”
Follow this link to view the financial statement for 6M/2021.