Handicare - Solid Q4 results

Q4: org. growth of 6%; good overall performance Accessibility EBITA margin of 20% Expects to be in line with financial targets in 2021 Q4 details As a result of Savarias public cash offering 27 November, Handicare had already announced its preliminary results for Q4’20. Sales amounted to EUR 59. 2m for an organic growth of 5.

6%. We note a very strong performance within Accessibility (+12. 3% organic growth), still-weak Patient Handling sales (-13.

4%), and flattish sales for Vehicle. Adjusted EBITA was in line with the pre-announced EUR 7. 9m.

Accessibility posted a 20% EBITA margin, up 5. 5pp y-o-y. Additionally, the restructuring activities within Patient Handling seem to have paid off.

Despite posting a double-digit decline in sales, the EBITA margin held up well and amounted to 10%. Outlook for 2021 While COVID-19 makes short-term demand difficult to predict, management still expects the long-term growth fundamentals within Accessibility to persist and support Handicare to reach its financial targets in 2021 (4-6% organic growth, an EBITA margin exceeding 12%). Conference call at 09:00 CET Handicare will host a conference call at 09:00 CET.

To participate, please register in advance using the following link: http://emea. directeventreg. com/registration/7081108:.