Accelleron upgrading revenues guidance for financial year 2023

Accelleron upgrading revenues guidance for financial year 2023

• In the first half year of 2023 revenues increased by 20% year-on-year in constant currency (17% nominal) 
• The acquisition of OMT, closed on July 20, will contribute with additional revenues of around USD 2025 million in the second half year of 2023
• Consequently, revenues growth guidance for financial year 2023 will be upgraded to around 13% (15% including OMT) up from 24% while confirming former profitability guidance in the lower range of 23-26% 

BADEN, SWITZERLAND, JULY 25, 2023. Accelleron reports continued positive momentum in the Marine and Energy markets in the first half year of 2023. The strong revenues growth of 20% in constant currency (17% nominal) in the period was supported by a combination of positive factors in the merchant marine (container, bulker, tanker) and gas compression markets as well as price increases, which both are not assumed to repeat to the same extent in the second half of the year. 

Further, the companys acquisition of OMT was closed on July 20. For the full year of 2023, Accelleron anticipates a revenues contribution of about USD 2025 million.

The company expects to reach an organic revenues growth of around 13% (15 % including OMT) for the full year, resulting in a year-on-year organic growth for second half of around 6%. This lower year-on-year growth compared to first half year is mainly the consequence of a higher base in second half of 2022. At the same time, the company confirms its profitability (operational EBITA margin) guidance given during the annual press release March 29 at the lower end of the mid-term guidance of 2326%.

Accelleron confirmed its positive development in the first half of this year, supported by exceptionally strong merchant marine business and high demand from the gas compression market, commented Daniel Bischofberger, Chief Executive Officer of Accelleron. We expect continued positive developments, but with a more normalized growth trajectory for the second half of the year.

Accellerons Half-Year Report 2023 will be published on September 5, 2023.