Investor Relations Update (engl.)
Plochingen – January 10, 2022.
CeramTec (the “Company” and together with its subsidiaries, the “Group”) announced today an update on the financial performance and other recent developments of the Group.
Based on unaudited accounting records and preliminary management reporting, the Group estimates that for the eleven months ended November 30, 2021, its revenue was in the range of €600 million and €605 million as compared to approximately €517 million for the eleven months ended November 30, 2020. In addition, the Group estimates that for the eleven months ended November 30, 2021, its Management Adjusted EBITDA was in the range of €247 million and €249 million as compared to approximately €205 million in the eleven months ended November 30, 2020.
In addition, in connection with the previously announced acquisition (the “Acquisition”) of the Group by Canada Pension Plan Investment Board (“CPP Investments”) and funds advised by BC Partners Fund XI (“BC XI”), the Company understands that CPP Investments and BC XI have adjusted the Group’s reported EBITDA figures for certain additional adjustments identified by them to calculate pro forma adjusted EBITDA of €245.7 million and €275.9 million for the year ended December 31, 2020 and the twelve months ended September 30, 2021, respectively, as compared to the Company’s previously reported management adjusted EBITDA of €244.3 million for the year ended December 31, 2019.