Our 2020 Half-Year Results have been published
Encouraging performance in context of COVID-19. Strong liquidity position, supported by effective crisis management and further portfolio rationalisation
Brussels – September 25th, 2020 – Aliaxis SA, a global leader in the manufacturing and distribution of advanced plastic piping systems, today announced its results for the 6 months period ended June 30, 2020.
Highlights – 6 months period ended June 30, 2020
- Revenue of €1,369.0 million, down 13.2%
- Current EBITDA of €188.8 million, down 19.4%
- Current EBIT of €115.4 million, down 30.2%
- Net profit of €163.3 million, up 44.1%
- Net financial debt decreased by €190.3 million to €580.7 million at June 30, 2020
- Pro-forma leverage of 1.3x CEBITDA
- Closed divestment of Harrington Industrial Plastics on March 3, 2020
Acting CEO Koen Sticker comments on the results:
“After a promising start early 2020, we were severely impacted by a significant drop in demand following COVID-19 lockdowns from March to May. Immediate measures were taken globally and locally to protect our people, secure our operations and safeguard our financial position. We regained some momentum in May and June, resulting in encouraging H1 results. This difficult period demonstrated the strength of our people and I would like to thank each of them for the high level of commitment they have shown. Even though visibility for the 4th quarter is still low, I am confident in our ability to deliver sound performance in the second half of the year.”
Aliaxis is a global leader in advanced plastic piping systems for building, infrastructure, industrial and agriculture applications. The company provides communities around the world with sustainable innovative solutions for water and energy, leading the industry in a way that anticipates the rapidly evolving needs of its customers and of society. With a global workforce of about 16,000 employees, Aliaxis offers specific solutions that meet our customers’ most demanding needs across the globe. Aliaxis is active through leading local brands and operating in over 45 countries, combining local solutions with global innovation and operational excellence. The company is privately owned, with its global headquarters in Brussels, Belgium.
More on www.aliaxis.com