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Comer Industries: first quarter 2022 results approved by the Board of Directors

– Lohmar – May 5, 2022

Today, May 5, 2022, the Board of Directors of Comer Industries approved the financial results resulting from the first 3 months of combining the activities of Comer Industries and Walterscheid Powertrain Group.
The quarter closes with consolidated revenues at 311.5 million euros (+21% compared to Q1 2021, on a like for like basis); consolidated adjusted Ebitda at 39.8 million euros, at 12.8% on revenues; consolidated adjusted net financial position at 143 million euros (+22 million compared to December 31, 2021).

Matteo Storchi, President & CEO, announces: “We live in a particular historical period, characterized by growing uncertainties at geopolitical level in Europe and health in China. In spite of this, the figures of these first months of the year highlight the solidity of the markets in which we operate, the quality of our offer and constant industrial growth, pursued with determination, investment and innovation.

The numbers clearly demonstrate the passion of those who work in the company every day and the loyalty shown by investors and, in general, by all our stakeholders.”

About Walterscheid Powertrain Group

The Walterscheid Powertrain Group is a global provider of connected and smart powertrain solutions and complete in-service support for the world’s leading off-highway and industrial equipment manufacturers. The firm continuously develops new technologies and customer solutions which deliver efficiency in the agriculture, construction, mining, utility vehicle and industrial markets and offers through life services for all powertrain products and systems between power source and power applied. With its global platform across 4 continents the Walterscheid Powertrain Group is the technology partner and innovation leader to the global leading OEMs. This together with a comprehensive aftermarket and service offering positions the group for above market long term growth. For more information, please visit https://www.walterscheid-group.com

Press contact for Walterscheid Powertrain Group:

Michael Harant
+49 (2246) 123351
michael.harant@walterscheid.com

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