Full year results 2022
Media and investor call, 9.00 am, 23 March 2023
Agenda
2022 in brief | Ralph Siegl |
CEO and Delegate of the Board | |
2022 financials | Gerhard Mahrle |
CFO a.i. | |
Strategy execution and outlook | Ralph Siegl |
CEO and Delegate of the Board | |
Questions | Via operator or chat |
2 | Media and investor call, 23 March 2023 |
2022 in brief: Strategic transformation
- Phase 1 "operational recovery" of mid- term transformation plan is on track
- Clean-up of product and customer portfolio delivered better than expected operational improvements in H2
- Value proposition as specialist for protein- and milk-powdertechnology enhanced
- Highly dynamic innovation pipeline
- Gaining trust through transparency
- Binding financing commitment received from bank syndicate: 2-yearextension of financing agreement buys time
3 | Media and investor call, 23 March 2023 |
2022 in brief: Financial overview
- Net sales of CHF 292.1m, down 3.7% YoY (impact of contract manufacturing)
- Gross profit CHF 75.4m, up 6.9%1 YoY
- Gross margin up from 22.9%1) in 2021 to 25.3% in 2022 (H2: 29.9%)
- Operating expenses of CHF 85.5m, reflecting 80.7% increase in energy costs
- EBITDA of CHF -10.1m for full year 2022, positive (CHF 0.6m) in H2
- Net result of CHF -15.8m, reflecting tax income of CHF 8.5m and legacy issues
- Adjusted for gains from sale of property in the amount of CHF 40.6m
4 | Media and investor call, 23 March 2023 |
Category results
Net sales Baby Care (CHFm) | Net sales Food Solutions (CHFm) | |
- No sales with Pharmalys in H1 due to Q4/21 loading and clarification of new payment terms for 2022
- Strong demand in H2, reflecting improvements in operational cooperation with Pharmalys and positive trends in international focus markets
- Bimbosan defends position as market leader in Swiss special trade
5
- Strong demand from chocolate industry for roller-dried powder
- Partial switch to contract manufacturing with milk provided by the client
- Procurement of strategic raw materials such as milk and whey secured and diversified
Media and investor call, 23 March 2023
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HOCHDORF Holding AG published this content on 23 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2023 08:22:08 UTC.