robustes 1. Halbjahr 2024 mit +17% Nettoumsatzanstieg (yoy) anyway überproportionalem EBITDA-Wachstum (+47% yoy)

DJ PTA-Adhoc: Montana Aerospace AG: robustes 1. Halbjahr 2024 mit +17% Nettoumsatzanstieg (yoy) as well as überproportionalem EBITDA-Wachstum (+47% yoy)

Ad hoc Mitteilung gemäss Art. 53 KR

Reinach (pta/14.08.2024/07:00) – AD-HOC-MITTEILUNG Reinach (Aargau), 14. August 2024 ( Ad-hoc-Mitteilung gemäß Art. 53 KR )

Montana Aerospace AG is reporting robust results for the 1st half of 2024 with +17% net sales growth (yoy) as well as over-proportional EBITDA forecast (+47% year-on-year), and subsequent reports.

The Montana Aerospace AG (“the Unternehmen”) and its operating companies (“the Group” of Montana Aerospace”), are a responsible, highly integrative repairer and a supporter of system components and complex construction groups for the air and transport, e-mobility. and the energy industry with good economics and production activities, which will be beneficial since 1st half year 2024.

High Points H1 2024

* Finanzkennzahlen ( 1 ): Nettoumsatz wächst um 17.2% in Jahresvergleich auf EUR 719.5 Mio.; Expected results EBITDA (2) of EUR 24.4 million. from EUR 79.3 million. (+44.4% in the current year) due to strong development of the Segmente Aerostructures und Energy ., Ltd erworben (siehe Ad-hoc-Mitteilung vom 12. June 2024) * Net sales of the Segmente: Aerostructures: +23%, Energy: +11%, (Discontinued Operation: E-Mobility: -10%) * Bereinigtes EBITDA der Segmente: Aerostructures: +68%, Energy: +35%, (Discontinued Operation: E-Mobility: -87%) * Guidance 2024 (excl. E-Mobility Segment) is expected to last: After the implementation of the E-Mobility segments, Montana Aerospace for 2024 is a solid net amount of more than EUR 1.5 billion. (generated EUR 1.7 billion incl. E-Mobility) with a total EBITDA of EUR 165 million. (gegenüber EUR >180 Mio. incl. E-Mobility); Clear information about the generation of solid positive Free Cash Flow and Net Gain * Segment Guidance 2024 (excl. E-Mobility Segment) is estimated at: Net Aerostructures: EUR 900 Mio. & Nettoumsatz Energy: >EUR 580 Mio. * Guidance 2025 (excl. E-Mobility Segment) is stated below: Montana Aerospace is expected to be available in the year 2025 with a net total of EUR 1.7 billion. (vs. EUR 2 billion incl. E-Mobility) in any case an EBITDA of more than EUR 240 million. (vs. EUR 250 Mio. incl. E-Mobility).

H1 2024 – Versprechen contents

The first ones since the Monate des Geschäftsjahres 2024 were for Montana Aerospace von zentraler Bedeutung. With both large segments, aerostructures and energy, they are set up for success and support in their net income, which is more likely to be due to EBITDA figures. Aerostructures with a strong sense of care and a strong commitment to the market for care will continue to thrive, which will ensure that the external changes in the air traffic industry are clear. The Energy Segment benefits from both public and private investments in the current network infrastructure and strong operating basis.

Our current Segment, E-Mobility, will be announced after the closing date of 4. Quarter 2024 until the date of the Mengtai Group is confirmed (siehe Ad-hoc-Mitteilung des Unternehmens vom 12. June 2024). Below the new properties are the aluminum alloy extrusion AG (and their own technical equipment) as part of the apt group, which are suitable for the customers of aluminum components with strong international standards. You will be notified in a separate report as a discontinued operation (3) and it will not be discontinued until further notice.

Net amount

In the first months of the year 2024, the Montana Aerospace business was consolidated with a net income of EUR 719.5 million. im ersten Halbjahr des Vorjahres entspricht. The largest contribution to the net result of the Segment Aerostructures with EUR 409.0 million, closely followed by Geschäftsbereich Energy with EUR 311.7 million.

We are proud of our second quarter of 2024 during the first quarter of the year with larger OEMs for which Airbus and Boeing are able to provide the segment aerostructures with flexible working packages, including market conditions for legal requirements. The Energy Segment benefits from the structural changes in the market share, which is also in the higher production volumes and a lower cost price.

EBITDA

After a thorough review and a non-operative effect, the overall impact of legal costs and the Management Options Program (MSOP) results in an improved EBITDA in the first half of 2024, EUR 79.3 million. (gegenüber EUR 54.9 Mio. im gleichen Zeitraum 2023). This results in an EBITDA margin of 11.0% (gegenüber 8.9% in the future).

On the basis of the reported EBITDA of the Group of EUR 51.3 million. in the first month 2023 from EUR 75.2 million. In the first half year of 2024, the Wachstumsrate was 46.7%. The result is an estimate of the improved EBITDA, which results in a turnover of 44.4%. In both segments, there was a positive EBITDA result due to a positive price-mix, a better capitalization and positive results of the operational management.

Both of which were responsible for reporting EBITDA in the first quarter of 2024, including the legal costs for the arconic legal system (EUR 3.4 million) and the administrative costs associated with the management action options program (MSOP) (EUR 0.7 million). ). Insured with a minimum amount of EUR 4.1 million.

Net analysis and EBITDA calculation according to segments

in EUR Mio.         Aerostructures Energy     E-Mobility (discont.) 
H1 2023           H1 2024    H1 2023 H1 2024            H1 2023 H1 2024 
Nettoumsatz         332,7     409,0  282,0  311,7             90,3  80,9 
Wachstum im Jahresvergleich +22,9%     +10,5%     -10,4% 
Ber. EBITDA         37,8      63,5  13,5  18,2             4,4   0,6 
Wachstum im Jahresvergleich +68,3%     +35,1%     -86,9% 

The net income and the achieved EBITDA of the segment in the first year of 2024 will be the result of the aerostructures and energy that will be achieved by the economic expansion of Montana Aerospace. Aerostructures supplied with a Wachstum of +22.9% with a total net amount of EUR 409.0 million., with a total energy consumption of EUR 311.7 million. a wait of +10.5% shipping. The Energy Segment achieved a achieved EBITDA of EUR 18.2 million, which was estimated at +35.1% at the end of June 2023. This means that the segment itself is as strong as the market structure and reflects the market situation in the wider market, because of the push-to-pull market that develops it. The combined aerostructures have a significant impact on the performance of the EBITDA of +68.3% in relation to the overall performance of EUR 63.5 million. Dies gehah trotz der Probleme bei ainem der Hauptkunden, Spirit AeroSystems, und Herausforderungen in der Lieferkette at ASCO.

Trade Working Capital

In consideration of the Trade Working Capital (TWC) we will be there, and we will be able to do so by the end of 2024 in both segments, with new German and future TWC levels, which we will inform you about. The higher Trade Working Capital at the end of June 2024 (im Vergleich zu Ditmber 2023) is stipulated that there will be a higher volume of deliveries in the second year of 2024. At the end of 2023 we will have some Zahlungsverzögerungen on the basis of optimization initiatives. Dies wird sich jedoch in Zukunft ändern, that those Zahlungen früher hereditary followers, in Übereinstimmung with früheren Quartalen of jeweiligen Geschäftsjahre. The minimum net amount of 17% is estimated at 3%. This invests in order to effectively implement the Management of Trade Working Capital.

Financial achievement

The financial improvements are based on EUR -26.6 million. at the end of the first half year 2023 at EUR -17.6 million. At the end of the first half year 2024, it was a positive outcome during the net financial year 2023. The combination includes a new financial loan and a payment of up to EUR 250 million. with a view to the recovery of debts by the end of 2023, we will continue to look forward to the future and return to the financial position in the year 2024.

Ergebnis aus fortgeführten Geschäftsbereichen

The achievements of the future (Segmente Aerostructures und Energy) are increasing steadily. By the end of the year 2024 we will receive a net gain of EUR 9.2 million. aus, bzw. EUR 5.5 million. in the winter quarter 2024.

Veräußerung des Segments E-Mobility

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August 14, 2024 01:01 ET (05:01 GMT)