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.”