AlzChem Group AG
XMUN:ACT

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AlzChem Group AG
XMUN:ACT
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Price: 166.3 EUR
Market Cap: €1.1B

AlzChem Group AG
Investor Relations

AlzChem Group AG is a German specialty chemicals company that makes high-purity chemical building blocks and finished specialty ingredients. Its products include chemicals used in pharmaceuticals, agriculture, animal nutrition, metallurgy, plastics, and other industrial processes. In simple terms, it sits in the middle of the chemical value chain: it turns basic raw materials into narrow-purpose chemicals that other manufacturers need. The company sells mainly to industrial customers rather than consumers. Some buyers use its products as ingredients in their own manufacturing, while others buy ready-made specialty compounds such as creatine, dicyandiamide, and other performance chemicals. AlzChem makes money by producing and selling these chemical products, often in technical grades or customer-specific forms, and by supplying recurring industrial demand for inputs that are hard to source elsewhere. What makes AlzChem different is its focus on a few specialized chemistry niches instead of broad commodity chemicals. It relies on deep process know-how, controlled production, and an integrated manufacturing setup that helps it make complex products consistently. That gives it a role as a supplier of essential niche inputs for customers that need reliable quality and stable formulations.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Strong half-year: AlzChem said first-half 2026 revenue rose 6% to almost EUR 304 million and EBITDA rose 14% to EUR 64.5 million, with margins improving to 21.2%.

Specialty Chemicals led: The Specialty Chemicals segment remained the main growth engine, helped by higher volumes, better pricing and strong demand in human nutrition, defense-related applications and custom manufacturing.

Guidance confirmed: Management kept full-year 2026 guidance unchanged at about EUR 600 million of sales and about EUR 126 million of EBITDA, while noting some Q3 sales were pulled forward into the first half.

Expansion on track: The company said major projects in Germany and the U.S. are progressing as planned, including the nitroguanidine expansion, a new guanidine facility and the U.S. site decision at Bushy Park, South Carolina.

Demand mixed: Basics & Intermediates remained weak in agriculture and under pressure from Asian competition, though steel showed early signs of stabilization and management expects improvement in the second half.

Balance sheet strengthened: AlzChem secured a EUR 100 million financing package, which management said supports its growth plans and leaves the company well positioned for future investment.

Key Financials
Revenue
EUR 304 million
EBITDA
EUR 64.5 million
EBITDA margin
21.2%
Net income
EUR 35 million
Basics & Intermediates revenue
EUR 75.4 million
Basics & Intermediates EBITDA
more or less breakeven
Specialty Chemicals revenue
EUR 214 million
Specialty Chemicals EBITDA
EUR 64 million
Specialty Chemicals EBITDA margin
close to 30%
Other & Holding revenue
approximately EUR 14 million
Other & Holding EBITDA
minus EUR 0.3 million
Operating cash flow
EUR 51 million
Equity ratio
40.3%
Balance sheet total
up EUR 56 million
Equity
up EUR 40 million
Contract liabilities
somewhat higher than EUR 90 million
Customer payments received
approximately EUR 8 million
Growth financing
EUR 100 million
New loans
EUR 80 million
Committed term loan facilities
EUR 20 million
Term loan repayment
EUR 30 million
One-off furnace refurbishment costs
approximately EUR 10 million
U.S. plant sales potential
close to EUR 100 million
U.S. construction start
2027
U.S. production ramp-up
2029
Ramp-up costs
a low single million figure
Other Earnings Calls

Management

Mr. Andreas Niedermaier
CEO & Chairman of Executive Board
No Bio Available
Mr. Klaus Dieter Englmaier
Member of Executive Board & COO
No Bio Available
Dr. Georg Weichselbaumer
Chief Sales Officer & Member of Executive Board
No Bio Available
Mr. Andreas Losle
CFO & Member of Management Board
No Bio Available

Contacts

Address
BAYERN
Trostberg
Chemiepark Trostberg, Dr. Albert-Frank-Str. 32
Contacts
+498621860.0
www.alzchem.com
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