23/03/2023 | Ingredients

Hochdorf reports significant operational progress

Hochdorf Group focused on its technology expertise in 2022 and made steady operational progress with improved earnings quality. The gross margin was 29.9 % in the second half of the year, with an upward trend. Despite 80.7 % higher energy costs and a sharp rise in raw material costs, the company achieved a narrowly positive operating profit at Ebitda level in the second half of the year, thus significantly exceeding projections.

The company result for 2022, which is affected by legacy burdens, amounted to CHF –15.8 m. A binding financing confirmation has been received from the existing bank consortium with regard to a two-year extension of the financing agreement that expires in September 2023. Hochdorf considers itself to be on track with the implementation of its strategy, establishing the basis for financial recovery in the medium term. The goal for 2023 is to achieve a positive Ebitda.