Baikowski: 2023 First-Half Revenue
27 Juillet 2023 - 8:45AM
Business Wire
Slowdown in the electronics market
Long-term outlook confirmed
Regulatory News:
Baikowski (Paris:ALBKK):
Consolidated data (in €m)
H1 2023
H1 2022
Revenue
22.9
28.1
Baikowski®, a global specialist in the manufacture of
ultra-pure alumina powders and formulations, oxides and composites,
is reporting consolidated revenue of €22.9 million for the first
half of 2023, down -18.4% (-18.6% at constant exchange rates and
scope) compared with a record first half of 2022 (+26,8% at
constant exchange rates and scope compared with the first half of
2021).
This temporary decline in revenue is attributable chiefly to the
pronounced slowdown in the electronics market in Q2. After a period
of significant purchases by households in 2022 (computers and
mobile phones), the market has entered a cycle trough. However, the
less favorable pace will not have a significant impact on the
Japanese subsidiary.
The Group’s other main markets remain strong:
- sales to the automotive market are holding up well, buoyed by
the strength of the sector’s product offering,
- applications in the aerospace and technical ceramics sectors,
which are long-term markets, continue to be driven by
innovation.
While underlying trends in Group’s main markets remain
positive, with a recovery expected in the electronics market in the
coming months, persistent inflation and the likelihood of
further tightening of monetary policy by central banks point to
more muted momentum in all markets in the second half, which will
not affect the quality of the Group fundamentals.
Baikowski remains positioned on long cycles and continues to
develop promising projects supporting the energy
transition.
Upcoming events: September 27, 2023 – 2023
half-year results
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 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® products enables the Group to
serve a wide range of high-tech markets (lighting, watchmaking and
telephony, microelectronics, automotive, defense and medical).
Find all the company’s information on:
www.baikowski.com- finance@baikowski.com Euronext: ALBKK – ISIN:
FR0013384369
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Aelium Financial communication M. Tall +33 (0)1 75 77 54
65 finance@baikowski.com
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