Adler Pelzer Holding GmbH has approved its audited consolidated financial statements for the year ended December 31, 2019.
Adler Pelzer Holding GmbH has approved its audited consolidated financial statements for the year ended December 31, 2019. The consolidated financial statements are prepared in accordance with the International Financial Reporting Standards, as adopted by the European Union.Below are the key financial highlights based on our Financial Statements
- Revenues decreasedto €1.43billion for the period ended 31stDecember 2019 compared to €1.47billion for the same period for 2018
- EBITDA decreased by Euro 26.9 million, or 20.6%, to Euro 103.7 million for 2019, from Euro 130.5 million for 2018.
- EBITDA margin decreased to 7.3% for 2019, from 8.9% for 2018.
- IFRS 16 positively impacts EBITDAfor2019 and EBITDA margin by Euro 25.3 million and 1.7% respectively to Euro 129.0 million and 9.0%.
The decrease in EBITDA (before IFRS 16) was primarily driven by a decrease in sales volumes and partially offset through achieved purchasing efficiencies
We would like to pass on our sincere thanks to Bondholders for the continued support and patience during this unprecedented period.
Financial Statementsare available via our website www.adlerpelzer.comand clicking on the section ‘Investor’ A
dler Pelzer Holding GmbH
Kabeler Strasse 4 –58099 Hagen –Germany
Contact: Silvia Miglio, Director of Investor Relations (investors@pelzer.de)