03-08-2023 - Tåstrup

ALSO Holding AG once again delivers convincing results: • ADJUSTED EBITDA 116 MILLION EUROS (+6.4%) • ROCE 30% (+113.8%) • CASH 612 MILLION EUROS (+713.4%) • TARGETS CONFIRMED

This result was achieved by optimising the business model, customer, and vendor mix. Positive one-off effects from 2022 due to the sale of a property and negative ones from 2023 caused by a series of measures to increase operational excellence are not included in the EBITDA comparison.

ROCE was also significantly increased by optimising inventories. Despite the investment of 100 million euros in the share buyback and a further raise of the dividend, the cash balance could be improved considerably.

Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX: ALSN): “Our broad ecosystem, continued improvement of the business model mix and increased operational excellence enabled us to continue our track record in the first half of 2023. The development in the cloud business is satisfactory: 4.1 million unique users represent a growth of 21 percent compared to H1 2022; we were able to increase net sales by approximately 200 million euros, a plus of 66 percent. Subject to the increasing political and economic volatility since the beginning of the year, we confirm our short- and medium-term targets, which already include the effect mentioned above.”

Link to the Interim Report

Link to the presentation


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