According to preliminary figures, the Katek Group continued to grow in the 2021 financial year and achieved record figures for both sales and earnings. In a generally difficult environment - the coronavirus pandemic and ongoing supply bottlenecks for semiconductors and other materials - the Group is able to report projected Group sales of EUR 540.1 million (previous year: EUR 414.2 million) and Group EBITDA of EUR 28.7 million (previous year: EUR 12.9 million) in the 2021 annual report. The EBITDA margin reached 5.3% (previous year 3.1%). The operating result (EBITDA adjusted) rose from EUR 20.8 million to EUR 30.3 million.
The company's growth of 30.4% could even have been around 10% higher without the pandemic-related supply bottlenecks, says the company. It was based on a very positive development in almost all industries that Katek serves with high-value electronics. The future markets of telecare, eMobility/charging and solar/renewables were particularly successful, increasing their sales by a total of 64.8% and now accounting for a significant share of total sales of almost 21.1% with sales of EUR 114.0 million. "In challenging times such as the coronavirus and materials crisis, I believe our business results can be classified as very good. Over the past two years, we have achieved significant increases in profitability and the best result ever to date. At the same time, the special circumstances in 2021 have meant that our order books are full, which will provide additional support for further business development," says Katek CEO and co-founder Rainer Koppitz. "We will continue to participate disproportionately in the strong growth of the electronics market. This will be helped not only by our further improved market position as the number two German and now number three European electronics service provider, but also by our strong position in the markets with the strongest growth going forward, such as eMobility, healthcare and electronics for solar solutions." The KATEK Group's full 2021 Annual Report, including the forecast for the 2022 financial year, will be published on the Investor Relations section of the Group's website on March 31, 2022.
