Adval Tech Holding AG announced that it is very difficult to provide an outlook also for 2022. The major uncertainties associated with the coronavirus pandemic and the availability of vendor parts and raw materials, particularly in the automotive industry, remain. The war in Ukraine has again significantly aggravated the situation and extended the corresponding risks to various other areas.

Over the coming months, car manufacturers will be forced to deal with scenarios in which they have to curb production or even close it down temporarily. Despite the good order situation, in many cases this also means planning uncertainty and the threat of interruptions in production for the Adval Tech Group. The Group is therefore refraining from issuing a specific outlook for 2022 and will continue to exercise restraint with regard to costs and capital expenditure.

It will continue to focus on implementing the acquired projects right first time.