ENCRES DUBUIT: 2021 Annual Results

press release

the 29 HaveApril 2022

RESULTS Annual plants 2021

Revenue growth: +11%

return To A Positive net profitability

Recent events

End of activityES IN CHINA POFor uncertain periods Due to health and government measures

ENCRES DUBUIT (ISIN: FR0004030708, Note: ALDUB), Today, a high-tech ink specialist, we announced the results for 2021.

result

The consolidated financial statements for 2021 were approved by the Management Committee meeting held on April 22, 2022, and reviewed by the Audit & Supervisory Board meeting held on April 27, 2022.

MThousands of Euros – Standard IFRS 31.12.202131.12. 2020 change
– € k turn over 20,683 18,637
+ 2,046 gross profit(* ** ). 13,268 11,624
+ 1,644 Gross profit margin as a percentage of sales 64.1%62,Four %
Current operating profit 1,229 -284
+ 1,513 Operating income 1,237 -254
+ 1,491 Revenue 98 -146
+ 244 Net income 905 -498
+ 1,403 Net income attributable to the group 905 -554

+ 1,459

Audited account(* *

*

) Sales – Cost of raw materials consumed

At a constant exchange rate, revenue in 2021 reached € 20.5 million, an increase of 9.8% compared to the previous fiscal year.
Activities in Europe – 57% of Group Revenue

As of the end of December 2021, revenues in the region were € 11.8 million, an increase of 14.2% compared to 2020, compared to € 10.3 million in the previous fiscal year. Thus, in the second half of 2021, the recovery of activity that started in the first half of the year was confirmed after recording an increase of 13.5% from 13.5% in the first half of the year.

Activities in Asia

– 38.5% of Group sales, 95% of which is generated by a Chinese subsidiary During the first half of 2021, the Asian Zone experienced a significant increase in activity (29% increase) compared to the first half of 2020. We were unable to reproduce such performance in the second half of the year, especially due to the crisis affecting electronic components. As a result, activity has decreased by 8.4% compared to the second half of 2020.

Activities in North America –

3.2% of group revenue This zone recorded an increase in activity of over 5.8% compared to 2020. This increase is due to the acquisition of new market share in Central America.

Activities in Africa / Middle East – 1.3

Percent of group sales

Sales in the region increased 6.5% compared to 2020.

Analysis of 2021 annual results Gross profit margin, current operating profit and group operating profit

Business results

  • The amount in 2021 will be € 1,237 million (6.0% of sales) compared to minus € 254,000 (-1.4% of sales) in 2020.

The € 14.91 million improvement in operating profit is due to the following reasons:

  • An improvement in gross profit of € 1.6 million associated with an increase in activity of € 1.3 million and an increase in the margin rate from 62.4% to 64.1%, a value of € 700,000,

The improvement in margin rates is, on the one hand, related to the rise in selling prices implemented in the second half of 2021 to address the rise in raw material prices, and on the other hand, the commercial offering in better value-added industrial markets. ,

The group remains vigilant and continues to manage its cost structure, pursuing dynamic HR policies in search of new talent to strengthen its sales, technical, and management teams.

  • Group settlement
  • The financial results for the 2021 fiscal year are € 98,000 in financial income and are categorized as follows:
  • Net exchange gain recorded at € 123,000 in each foreign company’s annual report,

Interest related to a loan of € 44,000. Group financial debt is primarily fixed interest rates. The impact of rising or falling prices is not significant.

Other financial income and expenses of over € 19,000. Group tax Corporate tax
(Current tax and deferred tax)

For the 2021 fiscal year, it is 431,000 euros.The current tax corresponds to corporate tax calculated based on the profits of subsidiaries in Belgium (8K €) and China (415K €). Net profit share

a
band

The Group’s net income for the 2021 fiscal year is € 905,000, compared to a loss of € 554,000 in 2020. In the absence of capital transactions, net income per share was plus € 0.288 per share, compared to minus € 0.177 per share in 2020.

Financial structure

Reinforcement The consolidated capital attributable to the Group was € 23.9 million as of December 31, 2021 compared to € 22.1 million as of December 31, 2020, and the Group was 6.8 as of December 31, 2021. It enjoys the profit after deducting a loan of 1 million euros. 2021, compared to 6.9 million euros in the previous year.With recent events

Outlook 202
2

Recent events:
China’s hygiene measures had to close the activities of its subsidiaries in this country after the end of March. So far, the group has not been able to grasp the moment of the Chinese government’s measures that directly affect one-third of consolidated sales. It will be the end.

Outlook 2022:

Thus, China-led Zero-COVID policy has paralyzed China’s activities and amplified the raw material shortages that existed in early 2022. These situations impede the activities of groups that must act with tensions in price, quantity and delivery. This puts pressure on the Group’s performance in fiscal year 2022.

  • The Encres DUBUIT Group is ambitious in demonstrating resilience, agility and responsiveness to ensure that market skills and leadership are maintained despite the concerns and uncertainties posed by the resurgence of war in Europe. We continue to work on the project.
  • The group’s priorities are:
  • The health of its employees and customers,
  • Commercial and marketing efficiency;

Strengthen industrial excellence.

innovation.
Next meeting

Financial reporting will be available on the website on April 29, 2021 after the market is closed.

The Joint General Assembly will be held on June 8, 2022 at 2:00 pm at the Encres DUBUIT Registration Office.
About DUBUIT ENGINES

The Encres DUBUIT Group specializes in the design, manufacture and sale of industrial and industrial inks for screen printing, pad printing and digital printing. From simple visual communication to industrial markings to the use of functional inks, we stand out as a high-tech ink specialist specializing in the industrial printing market. Encres DUBUIT is aimed at a diverse range of international customers working in a variety of areas, including visual communication, packaging, cosmetics, automotive and electronics industries.The Encres DUBUIT stock is listed on Euronext Growth Paris (ISIN code: FR0004030708, ALDUB). The scope of the integration includes companies from Encres DUBUIT SA, SCREEN MESH, TINTAS DUBUIT, Encres DUBUIT SHANGHAI, DUBUIT BENELUX, PUBLIVENOR, DUBUIT Shanghai Co and DUBUITO FAMERICA. , DUBUIT inkVietnam

And POLY-INK

..
contact
DUBUIT ink
Chrystelle Ferrari, Chairman of the Executive Committee


Phone: 01.64.67.41.60

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