ALSO Exceeds Guidance: Net Profit Increased by 19% (EUR 154M)

ALSO exceeds guidance:

Net profit increased by 19% (EUR 154 M)

  • EBITDA up 13% (EUR 257 M)
  • ROCE over 26% (21% yoy)
  • Cash balance 617 million euros (+28%)
  • Medium-term targets increased

These results were achieved with net sales of EUR 12.4 bn compared to EUR 11.9 bn 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 EUR 275 and EUR 295 M 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 EUR 330 and EUR 420 M and a ROCE of over 20%.

Gustavo Möller-Hergt, CEO ALSO Holding AG (SIX: ALSN), summarizes: “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.”