H&R GmbH & Co. KGaA: Preliminary results for Q1-2024 published

EQS-Ad-hoc: H&R GmbH & Co. KGaA / Key word(s): Preliminary Results/Quarterly
/ Interim Statement
H&R GmbH & Co. KGaA: Preliminary results for Q1-2024 published

24-Apr-2024 / 12:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Insider information pursuant to Article 17 of the Market Abuse Regulation
(MAR)


H&R GmbH & Co. KGaA: Preliminary results for Q1-2024 published

- Results recovered significantly in Q1-2024 compared to the previous year

- EBITDA improved by almost 50% to EUR 21.3 million (Q1-2023: EUR 14.3
million)

Salzbergen, Germany, April 24, 2024. H&R GmbH & Co. KGaA (H&R KGaA for
short; DE000A2E4T77) achieved an operating result (EBITDA - consolidated
earnings before interest, taxes, depreciation and amortization, impairment
losses and reversals of impairment losses on intangible assets and property,
plant and equipment) of EUR 21.3 million in the first quarter of 2024
(Q1/2023: EUR 14.3 million), according to preliminary calculations, well
above the level of the same quarter of the previous year. Although
depreciation and amortization and financing expenses increased slightly
again compared to the previous year, the improved performance is reflected
across all earnings levels. EBIT amounted to EUR 6.8 million (Q1/2023: EUR
0.5 million) and earnings before taxes (EBT) to EUR 3.6 million (Q1/2023:
EUR -2.2 million). At the bottom line, the Group achieved significantly
improved earnings attributable to shareholders of EUR 1.5 million compared
to the same quarter of the previous year (Q1/2023: EUR -0.9 million). This
was achieved on sales of EUR 337.0 million, around 3.4% less than in the
previous year (Q1/2023: EUR 349.0 million). Overall, we recorded robust
demand in the first quarter of 2024. However, product prices and quotations
remained below our expectations at the start of the year. The latter only
brightened noticeably at the end of the quarter.

Sales segment makes largest contribution to earnings as in previous year

The international sites of our ChemPharm SALES segment developed positively
for the second year in a row. At EUR 122.9 million, H&R's sales almost
exactly matched the previous year's figure (Q1/2023: EUR 123.1 million),
while the previous year's EBITDA of EUR 6.4 million improved significantly
to EUR 10.9 million in the first quarter of 2024.

The energy-intensive production sites in the ChemPharm REFINING segment came
under pressure. They sold lower volumes overall in the first quarter of
2024, also due to the rather subdued outlook in numerous customer
industries. Sales fell to EUR 206.4 million (Q1/2023: EUR 219.5 million)
despite higher raw material prices. Product prices remained very competitive
in the first quarter, despite lower capacities from Southern Europe. During
the course of the year, however, the market as a whole should respond to the
shortage with higher margins and combine higher demand with more adequate
product prices. The segment's EBITDA in the first quarter of 2024 already
indicates such a trend: It amounted to EUR 10.5 million (Q1/2023: EUR 5.7
million).

The PLASTICS segment came under pressure in the first quarter of 2024 as a
result of the weak automotive industry: the GAUDLITZ Group companies
achieved a lower positive EBITDA of EUR 0.4 million (Q1/2023: EUR 1.2
million). Customers from the e-mobility sector in particular were unsettled
by government subsidies in favor of Chinese manufacturers and took a
wait-and-see approach. Sales also fell accordingly, from EUR 13.2 million in
the previous year to EUR 12.3 million in Q1/2024.

Cash flow in Q1/2024 reflects higher raw material price

Operating cash flow in the first quarter of 2024 decreased to EUR 11.4
million (Q1/2023: EUR 48.5 million). This was primarily due to the
development of the raw material price, which led to an increase in net
working capital requirements. Free cash flow also closed significantly lower
at EUR -0.2 million (Q1/2023: EUR 31.8 million).

Equity base remains solid

Total assets increased to EUR 971.2 million at the end of the first quarter
of 2024 (31/12/2023: EUR 903.2 million). The Group's equity amounted to EUR
456.3 million as at the reporting date (31.12.2023: EUR 457.6 million). The
ratio was 47.0% (31.12.2023: 50.7%).

Published guidance remains in focus

Based on Q1-2024, H&R is slightly below the course of the original full-year
guidance for 2024 with a range of EUR 90.0m to EUR 110.0m. Nevertheless, we
expect noticeable growth and positive effects from the markets over the
course of the year. The company is therefore maintaining its guidance until
further notice.

For a complete presentation of the business development including segment
reporting and the quarterly financial statements, H&R KGaA refers to the
Quarterly Statement 1/2024 to be published on May 15, 2024.

Contact:
H&R GmbH & Co. KGaA, Head of Investor Relations / Communication, Ties Kaiser
Neuenkirchener Straße 8, 48499 Salzbergen
Phone.: +49 40 43218-321, Fax: +49 40 43218-390
Mail: ties.kaiser@hur.com
www.hur.com

H&R GmbH & Co. KGaA:

Listed in the Prime Standard of the Frankfurt Stock Exchange, H&R GmbH & Co.
KGaA is a specialty chemicals company active in the development and
manufacture of chemical-pharmaceutical specialty products based on fossil,
bio-based, synthesized and recycled hydrocarbons and in the production of
precision plastic parts.

Forward-looking statements and forecasts:

This insider information pursuant to Article 17 of the Market Abuse
Regulation (MAR) contains forward-looking statements. The statements are
based on the current estimates and forecasts by the Management Team and the
information available to it at this time. These forward-looking statements
do not provide any warranty for the future developments and results
contained therein. The future developments and results are dependent on a
number of factors; they entail various risks and contingencies and are based
on assumptions which could prove to be incorrect. We do not assume any
responsibility for updating the forward-looking statements contained in this
insider information pursuant to Article 17 of the MAR.


End of Inside Information

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   Language:       English
   Company:        H&R GmbH & Co. KGaA
                   Neuenkirchener Str. 8
                   48499 Salzbergen
                   Germany
   Phone:          +49 (0)40 43 218 321
   Fax:            +49 (0)40 43 218 390
   E-mail:         investor.relations@hur.com
   Internet:       www.hur.com
   ISIN:           DE000A2E4T77
   WKN:            A2E4T7
   Listed:         Regulated Market in Dusseldorf, Frankfurt (Prime
                   Standard), Hamburg; Regulated Unofficial Market in
                   Berlin, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1888319

End of Announcement EQS News Service
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1888319 24-Apr-2024 CET/CEST