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Press release

The issuer is solely responsible for the content of this announcement.


Duisburg, Germany, January 18, 2017. Xella International S.A. (together with its subsidiaries and affiliates, 'Xella') announced today the preliminary results for the financial year ended December 31, 2016. Based on these preliminary results, derived from its unaudited management accounts and other information currently available, Xella estimates that for the full year ended December 31, 2016, it generated sales of approximately EUR1,327 million, an increase of approximately 4% compared to its sales of EUR1,272 million for the year ended December 31, 2015. Furthermore, Xella estimates that it generated Adjusted EBITDA of approximately EUR280 million for the year ended December 31, 2016, an increase of approximately 20% compared to its Adjusted EBITDA of EUR231 million for the year ended December 31, 2015. The increase in sales was primarily due to an increase in sales volumes in Xella's Building Materials and Dry Lining segments due to positive trends in several of Xella's markets, an increased market penetration as well as improved pricing. The increase in Adjusted EBITDA was primarily due to the increase in sales as well as successfully implemented cost savings resulting from Xella's X-celerate program.

For the three months ended December 31, 2016, Xella estimates that it generated sales of approximately EUR317 million, an increase of approximately 5% compared to its sales of EUR301 million for the corresponding period in 2015. Furthermore, Xella estimates that it generated Adjusted EBITDA of approximately EUR54 million for the three months ended December 31, 2016, an increase of approximately 20% compared to its Adjusted EBITDA of EUR45 million for the corresponding period in 2015. The increase in sales was primarily due to an increase in sales volumes in Xella's Building Materials and Dry Lining segments due to positive trends in several of Xella's markets, an increased market penetration as well as improved pricing. The increase in Adjusted EBITDA was primarily due to the increase in sales as well as successfully implemented cost savings measures resulting from Xella's X-celerate program.

For the full year ended December 31, 2016, Xella estimates that its Building Materials, Dry Lining and Lime segments generated sales (including inter-segment sales) of approximately EUR865 million, EUR255 million and EUR265 million, respectively. Sales in the Building Materials and Dry Lining segments for the year ended December 31, 2016, increased by approximately 5% and 7%, respectively, compared to the sales in these segments for the year ended December 31, 2015, while Lime sales decreased by approximately 1% compared to sales in the Lime segment for the year ended December 31, 2015. For the full year ended December 31, 2016, Xella estimates that its Building Materials, Dry Lining and Lime segments generated Adjusted EBITDA of approximately EUR170 million, EUR39 million and EUR71 million, respectively, an increase of approximately 30%, 22% and 3% compared to the respective segments Adjusted EBITDA for the year ended December 31, 2015.

This preliminary information is based on internal management accounts and has been prepared by Xella's management. This preliminary information has not been audited, reviewed or verified; and no procedures have been completed by Xella's external auditors with respect thereto. It is not intended to be a comprehensive statement of Xella's financial or operational results for the three months ended December 31, 2016 or the year ended December 31, 2016, and you should not place undue reliance thereon. This preliminary information is subject to confirmation in Xella's audited consolidated financial statements and audit report for the year ended December 31, 2016. Consequently, upon publication of Xella's audited results for the year ended December 31, 2016, Xella may report results that are materially different from those set forth in this release.

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The information contained in this release may contain forward-looking statements, estimates and projections. These statements involve elements of subjective judgment and analysis and are based upon the best judgment of Xella as of the date hereof. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties, as there are a variety of factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Therefore, you should not rely on these forward-looking statements. Any forward-looking statements contained in this release speak only as of the date of this release. Neither Xella nor any other person gives any undertaking, or is under any obligation, to update these forwardlooking statements for events or circumstances that occur subsequent to the date of this release or to update or keep current any of the information contained herein and this release is not a representation by Xella or any other person that they will do so, except to the extent required by law.

This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities in the United States of America or in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), or the laws of any state of the U.S., and may not be offered, sold or otherwise transferred in the U.S. absent registration or pursuant to an available exemption from registration under the Securities Act.

This release constitutes a public disclosure of inside information by Xella under Regulation (EU) 596/2014 (16 April 2014).

 


18.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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