Order intake increased 35% to €4.4 billion in 2018 led by projects in the semiconductor industry
Photo as seen on company website
Germany's Exyte has released its financial report for 2018. Headquartered in Stuttgart, the company specialises in design, engineering and construction of hi-tech facilities.
The company said the business generated sales of €3.5 billion in 2018, resulting in a growth of more than 48%. Exyte said its order intake increased to €4.4 billion.
Adjusted EBIT improved more than forecasted and rose to €170 million in the past year (2017: €108 million), which corresponds to an adjusted EBIT margin of 4.8%.
Dr Wolfgang Büchele, CEO of Exyte, said: “Exyte’s key growth driver remains our Advanced Technology Facilities (ATF) segment, in which we serve customers in the semiconductor industry. Meanwhile, we are also benefiting from the continued growth in demand for highly efficient manufacturing environments for semiconductor production.”
Büchele went on to say that the ATF segment success was owing to the volume development of produced wafers and chips, which has been growing steadily by 7% to 8% per year over the course of the past years.”
Exyte’s semiconductor and batteries business also benefits from state funding of specific industries by various nations, such as the People’s Republic of China.
While the ATF segment (semiconductors specifically) remains Exyte’s strongest business segment with total sales of €2.8 billion, sales also developed well in the two other strategic business segments, Life Sciences and Chemicals (pharmaceuticals and biotechnology in particular) and Data Centre.
Exyte said it was able to grow at a regional level, with a 59% year-on-year increase in sales in the Asia-Pacific (APAC) region, which made up over half of the company’s total sales. At the same time, Exyte was also able to generate a substantial year-on-year increase in sales in Europe (EMEA) (+78%).
The total number of employees at the Exyte Group increased from 4,846 in 2017 to 5,561 in reporting year 2018. The strongest growth was recorded in the APAC region.
In light of the key global trends, Exyte expects the positive development experienced in the previous year to continue. With its strategic “upside” programme, the company will be focusing on the years ahead on actively developing its core markets.
Sustained profitable growth will be supported by the further development of digital solutions. Overall, Exyte expects 2019 to generate more sales than the previous year, an order intake slightly below the record level of 2018 (due to a major order in the previous year) and a moderate rise in adjusted EBIT.
Büchele explained his goals for the 2019 financial year: “Overall, we believe we are well-positioned in our core business segments and target markets, which are marked by global growth trends. Our focus for 2019 is to further expand our strong market position in all of our core business segments.”