BOOSTER Precision Components GmbH with continued strong growth in the first quarter of 2023

• Significant revenue growth with +22.8% compared to prior year’s Q1
• Strong EBITDA in line with management expectations
• New business intake of EUR 38 million well above target, with EUR 3 million+ in fuel cells and e-mobility projects

Frankfurt a. M., 30 May 2023 – BOOSTER Precision Components GmbH (Bond; ISIN NO0012713520) published its unaudited results for the first quarter of 2023 today. While the global automotive sector continued to recover from the effects of the COVID-19-pandemic, the demand for Booster Group’s products (hereinafter also referred to as “Booster”) remained very strong during Q1 2023. Revenues went up by 22.8% and reached an amount of EUR 47.3 million (Q1 2022: EUR 38.5 million).

EBITDA stood at EUR 5.6 million in the first quarter of 2023 (Q1 2022: EUR 7.4 million). EBITDA in the first quarter 2022 included a one-time effect of EUR 2.5 million from the sale of a building in Belusa (Slovakia). Excluding this effect, EBITDA in Q1 2023 increased by EUR 0.7 million or 14% over Q1 2022 on a like for like basis. Booster achieved an EBIT of EUR 3.6 million in Q1 2023 (Q1 2022: EUR 5.1 million) and group net income for the period was at EUR 1.4 million (Q1 2022: EUR 2.4 million).

Current assets went up from EUR 65.9 million to EUR 71.9 million due to a higher volume of stocks and receivables resulting from the significantly higher sales volume in Q1 2023. This contributed to the overall rise in total assets from EUR 107.2 million to EUR 114.7 million. Equity capital grew substantially by 16% to around EUR 15.0 million as of 31 March 2023 compared to EUR 12.9 million at the end of 2022.

Jerko Bartolić, Managing Director and CEO of Booster Precision Components: "We are very satisfied with Q1 results, particularly with new business intake of more than EUR 38 million won in the first three months, which is 16% above target. Even more important is that above EUR 3 million in orders are projects for fuel cells and e-mobility, contributing to our long-term transformation strategy.” 

Considering the robust order book, Booster Group projects further strong revenue growth of more than 10% in 2023. Anticipating declining energy prices and the stabilization of raw material costs, the management expects a linear improvement in earnings despite the ongoing high material cost level due to the index-based price pass through agreements with Booster’s customers.

The Q1 2023 financial statements of BOOSTER Precision Components GmbH will be published under: https://www.booster-precision.com/en/.


Contact
BOOSTER Precision Components GmbH
Bockenheimer Landstraße 93
60325 Frankfurt a. M.

T +49 69 76758193
mail@booster-precision.com


About Booster Group
Booster Group is an international supplier specialized in the production and distribution of highly precise metal parts. Booster Group comprises nine companies in five countries with production sites in in China, Germany, Mexico and two locations in Slovakia. The product portfolio mainly comprises compressor wheels and components for variable turbine geometry (VTG) turbochargers, which are mainly used in the automotive sector. A particular strategic focus is put on components for use in electrified or hydrogen-powered vehicles as well as for industrial or medical applications. BOOSTER Precision Components GmbH is the holding company of the Booster Group and provides management, consulting and services for its domestic and foreign subsidiaries.

www.booster-precision.com