FY 2021 Earnings Call
SALES AND ADJ. EBITDA REFLECTING FINALIZATION OF CAPEX PROJECTS
Net Sales
in EURM
614,2 632,4
+25%
767,5 790,1
FY Updated
2020 FY 2020
FY Updated
2021 FY 2021
Adjusted EBITDA (1)
in EURM
44,8
+25%
56,1
FY 2020
FY 2021
Net income
in EURM
-57,7
FY 2020
-15%
-49,1
FY 2021
MONTANA
AEROSPACE
Strong sales recovery, supported by
loyal customer basis and high demand,
growth driven by aerospace business
segment
Updated revenue due to change in
accounting - scrap sales now
included (previously in other
operating income)
Further utilization of synergy effects from
M&A deals seen in result
IPO & MSOP cost make up for majority of
adjustment volume
Fixed cost optimization & effects
through deferred taxes
Streamlined production process
reduced negative result
(1) Ajdusted EBITDA refers to operating profit before interest, taxes, depreciation and amortization adjusted for one-off effects - in particular legal costs for the Arconic lawsuit, IPO related cost, MSOP (Management Stock Option Program) related
cost, Other service cost from affiliated companies as well as expected rental income from affiliated companies
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Montana AerospaceView entire presentation