“The delivery situation for chassis is dramatic,” said CEO Dieter Siegel at the balance sheet presentation. This forces the company to short-time work. This should take three months for 260 employees. The aim is to save material in order to be able to produce continuously again.
The previous year was also characterized by problems in the supply chain. The result for the period fell significantly compared to the previous year from 41 to 23.3 million euros – a drop of 43.3 percent. Earnings before interest and taxes (EBIT) fell from EUR 57.7 million to EUR 35 million (minus 39.3 percent), with EUR 22.1 million reportedly being the largest part of which was generated in the fourth quarter. Earnings before taxes (EBT) fell noticeably from EUR 51.3 million to EUR 28.9 million.
The dividend is to be capped in line with the massive drop in earnings – from 1.50 euros to 90 cents per share. The distribution volume for 6.8 million shares amounts to EUR 6.1 million, after EUR 10.2 million for 2020. This corresponds to Based on the closing price of EUR 46.4, this corresponds to a dividend yield of 1.9 percent; in the previous year, it was more than twice as high at 4.1 percent.
In any case, the order situation is healthy. At the end of the year, the order backlog reached a volume of EUR 1.15 billion (previous year: EUR 1.07 billion) and was thus well above annual sales. At EUR 1.06 billion, incoming orders were “back to the very high pre-crisis level,” said Siegel.
For 2022, the management expects “on the basis of a solid order backlog, sales of over one billion euros”. The EBIT margin should remain unchanged at the previous year’s level. In view of the geopolitical situation, a forecast is currently “on the verge of negligence,” said Siegel.
Source: Nachrichten
