POLYTEC HOLDING AG: Positive net result in 1. quarter / good start into 2025 FY

Hörsching (pta006/15.05.2025/07:53 UTC+2)

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The POLYTEC GROUP's earnings after tax amounted to EUR 1.0 million in the first quarter of 2025 (Q1 2024: minus EUR 1.4 million). This corresponds to earnings per share of EUR 0.04 (Q1 2024: minus EUR 0.07). After the net result had been negative for several quarters, earnings after tax took a significant turn positive in the months of January to March 2025.

The POLYTEC GROUP's consolidated sales revenues in the first three months of 2025 amounted to EUR 181.4 million. Compared to the first quarter of 2024, Group sales revenues increased by 5.3% or EUR 9.1 million (Q1 2024: EUR 172.3 million).

From today's perspective, the management of POLYTEC Holding AG expects planned consolidated sales revenues in the range of EUR 650 million to EUR 700 million for the 2025 financial year and is targeting an EBIT margin of around 2% to 3%. The measures introduced in previous periods to increase operational efficiency are showing improvements and are expected to take full effect in the course of the year.

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Key figures Q1 2025

* Group sales revenues amounted to EUR 181.4 million (Q1 2024: EUR 172.3 million)

* EBITDA amounted to EUR 10.8 million (Q1 2024: EUR 9.2 million)

* EBITDA margin 6.0% (Q1 2024: 5.3%)

* EBIT totalled EUR 3.2 million (Q1 2024: EUR 1.4 million)

* EBIT margin 1.8% (Q1 2024: 0.8%)

* Earnings after tax EUR 1.0 million (Q1 2024: minus EUR 1.4 million)

* Earnings per share EUR 0.04 (Q1 2024: minus EUR 0.07)

* Equity ratio at 41.8% (31.12.2024: 41.7%)

* Employees (incl. leasing personnel, FTE) as at 31.03.2025: 3,709 (3,968)

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In the Passenger Cars & Light Commercial Vehicles market area, the POLYTEC GROUP's strongest revenue area with 75.5% (Q1 2024: 73.7%), sales revenues of EUR 137.0 million were generated in the months from January to March 2025, up 8.0% or EUR 10.1 million on the previous year's figure (Q1 2024: EUR 126.9 million).

Sales revenues in the Commercial Vehicles market area (share 13.0%; Q1 2024: 15.0%) decreased by 8.5% year-on-year, from EUR 25.8 million to EUR 23.6 million.

In the Smart Plastics & Industrial Applications market area, sales revenues increased by 6.1% from EUR 19.6 million to EUR 20.8 million compared to the first quarter of the previous year. The share of this market area in the POLYTEC GROUP's consolidated sales remained at the previous year's level of 11.5%.

As announced in the outlook for the full year 2025 in the context of the recent publication of the 2024 annual figures, end of April, a further improvement in the earnings situation was expected for the first quarter of 2025.

The EBITDA of the POLYTEC GROUP increased by 18.0% in the first three months of 2025 compared to the same period of the previous year, from EUR 9.2 million to EUR 10.8 million. The EBITDA margin increased by 0.7 percentage points to 6.0% compared to the same quarter of the previous year.

Earnings before interest and tax (EBIT) amounted to EUR 3.2 million in the first quarter of the 2025 financial year (Q1 2024: EUR 1.4 million). The EBIT margin rose by 1.0 percentage point from 0.8% to 1.8% compared to the first quarter of the previous year.

The financial result in the first three months of 2025 amounted to minus EUR 2.1 million (Q1 2024: minus EUR 2.6 million), the reduction was a consequence of the lower interest rate level and reduced financial liabilities.

At EUR 506.0 million, the Group's balance sheet total as at 31 March 2025 were on a par with the annual balance sheet date of 31 December 2024. At 41.8%, the equity ratio was also at the high level of the last balance sheet date.

As at 31 March 2025, the POLYTEC GROUP employed 3,709 people (including leasing personnel, FTE). The number of employees was thus 6.5% or 259 FTE lower than in the previous year (3,968 FTE).

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Outlook 2025 financial year (unchanged)

From today's perspective, the management of POLYTEC Holding AG expects planned consolidated sales revenues in the range of EUR 650 million to EUR 700 million for the 2025 financial year and is targeting an EBIT margin of around 2% to 3%.

The measures introduced in previous periods to increase operational efficiency are showing improvements and are expected to take full effect in the course of the year.

In order to optimise the strategic orientation and future economic performance of the POLYTEC GROUP, work is being done to adapt the current production and service portfolio. As a result, the earnings situation is expected to improve further in the medium term.

Due to the significant reduction in net debt and improvement in the financial result in conjunction with an assumed further decline in interest rates, a positive result after tax is targeted for the 2025 financial year.

However, achieving this outlook is subject to uncertainty. The automotive industry continues to be characterised by a volatile market environment, uncertain development of demand and the faltering transformation towards e-mobility.

The POLYTEC GROUP has a strong market position within and outside the automotive sector and is confident for the future.

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The interim report of POLYTEC Holding AG as at 31 March 2025 closing date is available for downloading on the Investor Relations, publications section of the Group's website.

https://www.polytec-group.com/en/investor-relations/publications

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Emitter:	POLYTEC HOLDING AG Polytec-Straße 1 4063 Hörsching Austria
Contact Person:	Paul Rettenbacher
Phone:	+43 7221 701 292
E-Mail:	paul.rettenbacher@polytec-group.com
Website:	www.polytec-group.com
ISIN(s):	AT0000A00XX9 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)