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ALA SpA: BoD approves results as at 30 June 2021

Net financial position in constant improvement; profitability grows

Ebitda of € 7.5 million (+ 7.8%); Ebit of € 6.4 million (+ 12.9%); Pre-tax profit of € 5.2 million (+ 22.3%)

The Board of Directors of ALA SpA, a Group listed on the AIM market of the Italian Stock Exchange, leader in Italy and one of the main players at a global level in the offer of integrated logistics services and in the distribution of products and components for the aeronautical and aerospace industry, both in the civil and in the defense sector ("Aerospace & Defense"), met today and approved the Consolidated Half-Year Financial Report as at 30 June 2021. The AlA Group closes the first half of 2021 with a further improvement in profitability: the Ebitda margin went from 9.8% to 11.3%; the growth of 1.5 percentage points is the result of a careful cost efficiency policy of the entire Group. This is also reflected in an increase in EBITDA in absolute value of 7.8% compared to the first half of 2020, reaching € 7.5 million. Ebit is equal to € 6.4 million (+ 12.9%) and Earnings Before Taxes recorded a growth of 22.3%, to € 5.2 million.

The excellent profitability of the Group in the first half of 2021 is linked to a well-balanced mix of activities that ranges from the optimized management of purchases, to quality controls, up to the distribution of precision mechanical and consumable materials for production and maintenance -mainly- of aircraft or satellites.

Group revenues at 30 June 2021 amounted to € 66.5 million, slightly down compared to the first half of 2020 (-6.9%). The net financial situation shows a decrease of approximately € 4.4 million, attributable not only to the repayment of mortgages and loans, but also to the replacement of short-term lines with medium / long-term lines. At June 30, 2021, the group's capitalization level has further improved, in fact the consolidated shareholders' equity of Ala SpA goes from € 33.2 million at December 31, 2020, to € 34.1 million.

Gennaro di Capua, CEO of ALA, commented: "In the wake of the excellent results of 2020, ALA confirms, also in the first half of 2021, a positive trend in the Group's results and profitability, continuing the internationalization strategy and sector diversification. Our consolidated skills and continuous investments in technological innovation allow us to guarantee our customers worldwide services of the highest quality and to effectively manage the inevitable limitations due to the pandemic in progress, which are a further stimulus to improve the 'efficiency of our business".

In the first half of 2021, Italy is confirmed as the first market for ALA, in which the Group generates over 75% of its turnover. In the medium term, the Group aims to increase its turnover abroad to bring it to a value hopefully equivalent to that generated in Italy. The strategy of internationalization and external growth, launched in 2010, now guarantees the Group an operational presence in the strategic markets of the United States, Great Britain, France, Israel and, from 2020, also Germany. Added to this is the sectoral diversification made possible by the high scalability of the business, which allows ALA to extend its business model, widely consolidated in Aerospace, also to other sectors such as Oil & gas, naval and railways, whose prospects for future appear encouraging.

In fact, during the next half-year 2021, the Group expects to expand the ALA SpA offer portfolio and all the Group companies with the aim of obtaining a mix of revenues fueled by the activities carried out in the Service Provider segment, distribution and those coming from new operating segments (Spare parts, Raw Materials, Chemical, Oil & gas). This mix should make it possible to mitigate any fluctuations in the trends of the individual sub-funds. Pursuant to current legislation, it is noted that the Half-Year Financial Report as at 30 June 2021, accompanied by the Report of the Company in charge of the limited audit of the consolidated half-year financial statements, is available to the public at the registered office, on the Company's website.

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AVIONEWS - World Aeronautical Press Agency