• Significant expansion of the equity base by more than EUR 25 million
• Liquidity almost doubled to around EUR 96 million
• Group revenues up by more than 50 % to around EUR 240 million
• Group total operating performance of over EUR 290 million at the upper end of the forecast
• Orders of EUR 164 million secured in a challenging market environment

Blaubeuren, March 11, 2025 – centrotherm international AG can look back on a highly satisfactory 2024 financial year, according to the preliminary figures published today in an ad hoc announcement. At around EUR 240 million, Group revenue increased by more than 50 % compared to the previous year's figure of EUR 151.2 million. International business remained of central importance, accounting for over 80% of revenue, with a continued strong focus on Asia. Consolidated total operating performance increased by almost 50% to over EUR 290 million, reaching the upper end of the forecast range of EUR 200 million to EUR 300 million.

The Group's earnings performance was particularly positive, with preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately EUR 39 million. This not only more than doubled the previous year's figure of EUR 19 million, but also significantly exceeded the forecast of an EBITDA in the low double-digit million euro range. This was due to the higher than expected number of customer acceptances by the end of 2024, which led to a corresponding revenue increase, as well as an improvement in the centrotherm Group's operating margin. Consolidated net income for the year is expected to exceed EUR 25 million. Overall, the Group's profitability has been significantly strengthened by the substantially higher share of business with the semiconductor industry.

The positive net income contributed to a marked strengthening of Group equity by more than EUR 25 million to around EUR 110 million. The equity ratio will improve by one percentage point from 26.3 % as of the previous year's balance sheet date.

The centrotherm Group's liquidity position has also improved significantly. Cash and cash equivalents almost doubled from EUR 50.1 million to around EUR 96 million.

In line with the challenging market environment, new orders in the 2024 financial year were weaker than in the above-average previous years (2023: EUR 268.8 million, 2022: EUR 343.8 million). With an order intake of over EUR 164 million, the Group forecast of between EUR 150 million and EUR 180 million was nevertheless achieved. Over 87 % (2023: 83 %) of orders were attributable to the semiconductor industry and around 12 % (2023: 17 %) to the photovoltaic industry. In view of the difficult economic environment, investments in new production capacities in particular are being postponed by semiconductor manufacturers. Overall, the centrotherm Group's order book remained very well filled at around EUR 458 million as of December 31, 2024 (December 31, 2023: EUR 539.1 million).

Despite the very satisfactory business figures for 2024, centrotherm has already begun to adapt to the declining market conditions on the one hand, and to continue to consistently align the product portfolio with customer needs on the other.

Note: Publication of the 2024 Annual Report is scheduled for April 30, 2025.

About centrotherm international AG

Thermal production solutions and coating technologies are among centrotherm's core competencies. For more than 70 years we have been developing and implementing production concepts for a con-stantly growing international customer base. In addition to growth sectors such as the semiconductor and microelectronics industry, as well as photovoltaics, our innovative solutions are also being applied in new future-oriented fields such as fiber or battery production. As a leading, globally active technology group, we work closely with partners from industry and research. We improve existing production concepts and set new trends. In this way, we generate valuable competitive advantages for our customers. Around 700 employees worldwide are working to shape the future - GREEN | SMART | EFFICIENT.

centrotherm international AG
Württemberger Str. 31
89143 Blaubeuren
Internet: www.centrotherm.de

German Securities Identification Number (WKN): A1TNMM (bearer shares); A1TNMN (unlisted shares from the non-cash capital increase)
ISIN: DE000A1TNMM9 (bearer shares); DE000A1TNMN7 (unlisted shares from the non-cash capital increase)
Inclusion: Basic Board, Frankfurt Stock Exchange
Corporate domicile: Germany