Baikowski: Half-Yearly Revenue for 2020: €16.3 Million
30 Luglio 2020 - 8:45AM
Business Wire
Regulatory News:
Baikowski (Paris:ALBKK):
Consolidated data (€m)
S1 2020
S1 2019
Revenue
16.3
18.0
Baikowski®, the global specialist manufacturer of ultra-pure
alumina powders and formulations and other high quality oxides and
composites, has recorded consolidated revenue of €16.3 million for
the 1st half of 2020, a reduction of -9.1% compared with the 1st
half of 2019 and -9.7% like-for-like for foreign exchange rates and
scope of consolidation (but NB the level of half-yearly
billings has little significance since the Group’s activity is
subject to long-term cycles).
Within a morose economic environment suffering from the global
sanitary crisis, the Group which achieves more than 90% of its
sales outside France remained strongly mobilized to serve all
its customers in line with the geographical evolution of the
Covid-19 pandemic. The Group’s production facilities continued
to operate, with the sole exception of the Poisy facility which had
to cope with a temporary reduction in its activity in order to
implement the requisite sanitary arrangements, and our teams
displayed strong commitment to providing service continuity.
Albeit the business cycles of the Group’s main markets remain
positively oriented, our level of activity to date has nevertheless
been impacted by the general slowdown in trade of the last 5 months
whose growth impacts have varied depending on the sector. For
example, our sales in the markets for electronic products and very
technical applications (ceramics, polishing products etc.) were
virtually stable whereas the automotive, aeronautical, traditional
lighting and watchmaking sectors were harder hit.
Albeit the middle-term crisis outlook for each continent remains
difficult to assess, notably in Europe and the USA, the Group,
which since mid-June has once again become fully operational in
industrial and commercial terms, has already recorded initial
positive signs in Asia, thanks to the electronics sector and to
orders won for high technology products.
Albeit the evolution of these trends remains uncertain,
Baikowski®, as a group with solid foundations and as a
virtually unavoidable player in its high-added value markets,
remains confident in its capacity to cross the current complex
period undaunted and renew with dynamic long-term growth.
Next date for your diary: Publication of
the half-yearly results for 2020 on September 24, 2020
About Baikowski®: Baikowski® has existed for a hundred
years and is a leading manufacturer of specialist industrial
minerals and more particularly, of ultra-pure alumina powders and
formulations as well as of other high quality oxides and composites
such as spinel, ZTA, YAG and cerium for technical ceramic
applications, precision polishing, crystals and additives or
coverings. The quality of Baikowski®’s products is appreciated by a
variety of high-tech markets including the lighting, watchmaking,
mobile phone, microelectronic, automotive, defence and medical
industries. In 2019, Baikowski® achieved revenue of €40.5
million.
Complete information on the company may be
found at: www.baikowski.com - finance@baikowski.com Euronext :
ALBKK - ISIN : FR0013384369
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version on businesswire.com: https://www.businesswire.com/news/home/20200729005008/en/
Financial communication J. Gacoin / V. Boivin +33 (0)1 75
77 54 65 finance@baikowski.com
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