Outlook

As a result of the expansion of production capacities and the realized increase in sales and earnings in the current year, we also anticipate a positive development for the second half of the year. We expect a reduction in inventory with slightly increased production. We therefore also expect to be able to present a strong increase in sales and profitability for the entire fiscal year compared to the previous year. Further investment projects to increase productivity and strategic growth projects are in progress but will not be realized before the end of this year.

It will be possible to increase cash flow. This can be used for refinancing, but also as financial resources for further investments.

Conditional and authorized capital is at our disposal to finance larger projects or to take advantage of opportunities at short notice. We are also planning a bond issue in the 4th quarter of 2021, to be used for refinancing and project financing.

On behalf of the Board of Directors and Management

Katharina Lehmann

Chairwoman of the Board of Directors

Markus Brütsch

CEO / CFO, Delegate of the Board of Directors