First half year: 16% revenue growth driven by high demand for Topsoe’s market-leading technologies and catalysts; order intake reduced during COVID-19 pandemic

• 2020年上半年，与2019年上半年相比，收入增加了16％至DKK 3,2.2百万，而艾比特减少了5％至419万迪尔。在2019年调整特殊物品时，艾比特增加了12％，或DKK 4400万。
• The order backlog at June 30, 2020, was DKK 5,101 million, an increase of 18% compared to June 30, 2019. However, technology order intake has decreased during the COVID-19 pandemic.
• 由于较少或推迟的技术订单，全球Covid-19大流行预计对Topsoe的业务产生负面影响。
• 全年2020年收入展望范围保持不变，达克3,900-6300万。整年2020年的调整后的EBIT保证金前景也不变，范围为12-14％。前景可能因地缘政治风险和Covid-19大流行的影响而受到不利影响。

“We are very satisfied with the results we have achieved in the first half of 2020. Both revenue and adjusted EBIT have grown significantly, driven primarily by our solutions in clean and renewable fuels. I am proud that our company is rewarded by customers for taking an active role in the green transformation. Our solutions help chemical companies and refineries comply with environmental regulations in a sustainable and financially viable way. This is vital for our customers’ businesses and helps the climate and the environment here and now.”

“While we have reached very satisfactory results in the first half year, we face a more challenging second half year. We see a negative effect of the COVID-19 pandemic in our order intake, which reflects that many refineries and technology projects are impacted by low demand and decreased economic growth globally. Accordingly, our technology order backlog has decreased during the COVID-19 pandemic, which will negatively impact revenue related to technology and catalyst first-fills, mainly from 2021 onwards. We maintain our outlook for the full year 2020, as we expect that the great results achieved in the first six months of 2020 will offset the negative impact of COVID-19 in the second half of 2020. Our business model remains solid, and we have a very strong balance sheet with no net debt,” says Roeland Baan, CEO, Topsoe.

Roeland Baan于6月份加入Haldor Topsoe。

在2020年的上半年，记录了三次丢失的时间，比2019年上半年更多。然而，在2020年上半年改善的总可录取的事件频率。陈列赛将在其安全方面提供显着的进一步改善performance going forward, guided by the company’s ‘Zero Harm’ policy.

化学和炼油厂业务部门均经历了2020年上半年的收入增长。与2019年上半年相比，技术收入增长了17％，主要是由于可再生燃料技术的需求增加。由于用于清洁燃料的炼油厂催化剂的高需求，催化剂收入与2019年上半年增加了15％。

EBIT was DKK 419 million in the first half of 2020, which is a decrease of 5% over the same period last year. However, EBIT was positively impacted by special items of DKK 65 million in the first half of 2019, of which DKK 41 million relate to a gain from selling surplus land, while DKK 24 million relate to license revenue originating from a contract based on in-kind contribution of Topsoe license which was suspended. When adjusting for these special items, EBIT was up by 12% in the first half of 2020 compared to the same period in 2019.

调整后的EBIT利润率为13.1％，而2019年同期为13.6％。

Net working capital decreased by DKK 506 million in the first six months of 2020. This was mainly due to large customer payments, partly offset by an increase in inventory.

董事会的新成员
On August 18, 2020, the Annual General Meeting elected a new member to the Board of Directors of Haldor Topsoe A/S, Mr. Jan Kreibaum.

Jan Kreibaum是高级顾问关注中国pecific strategies along the chemicals value chain and serving in roles with industry association boards in China, including the European Chemical Industry Council (Cefic) and the China Petroleum and Chemical Industry Federation (CPCIF). Mr. Kreibaum has 30 years of professional experience in Asia and has previously been regional president with Clariant Chemicals (China) and held executive positions with Knauf Asia-Pacific, BASF East Asia, and Ciba. He holds a M.Eng. (Chem.) from McGill University.

Major events in 2020
In May, Topsoe and Air Products announced a global alliance agreement. The two companies will collaborate, using their extensive market network outreach for developing potential projects and the combination of their expertise for developing and building large-scale ammonia, methanol and/or dimethyl ether plants globally. In July, it was announced that Haldor Topsoe ammonia technology will be used in the world’s largest green hydrogen project, the NEOM project, equally owned by the partners Air Products, ACWA Power, and NEOM.

In May, Topsoe joined the United Nations Global Compact, the world’s largest sustainability initiative. By becoming part of this initiative, Topsoe commits to aligning policies and action with the Ten Principles of the UN Global Compact.

June 1 was Roeland Baan’s first workday at Topsoe as newly appointed President and CEO. Roeland Baan joined Topsoe from a position as CEO of the global stainless steel company Outokumpu, which is listed on the Finnish stock exchange. Throughout his career, Mr. Baan has held a wide range of global CEO and Executive Vice President (EVP) positions at Aleris International, Arcelor Mittal, SHV NV and Shell.

财经摘要

• 收入amounted to DKK 3,202 million, an increase of 16% compared to the same period in 2019. Catalyst revenue increased by 15%, while technology revenue was up by 17%.
• 毛利率为46％。
• EBITDA为5.8亿迪尔达，等于EBITDA余量为18％。
• EBIT was DKK 419 million, equal to an EBIT margin of 13%.
• 营运资金变更前的运营现金流量为5.89亿二号。
• The equity ratio was 31.8% at June 30, 2020 (compared to 25.6% at June 30, 2019).
• Leverage ratio was 0.0, and net interest cover ratio was 26.3 at June 30, 2020.
• 全年2020年收入展望范围保持不变，达克3,900-6300万。整年2020年的调整后的EBIT保证金前景也不变，范围为12-14％。前景可能因地缘政治风险而受到不利影响，Covid-19大流行的影响以及对精油产品的持续低需求。乐动体育电竞

金融亮点（达克万）

该公司的审计师尚未审查半年的人物。审计的年度报告2020将于2021年3月3日的Haldor Topsoe A / S公布。

Notes

1. Financial ratios have been calculated as follows:
   1. 股权返回：上半年的净利润为年度x 100 /平均股权归因于母公司的业主
   2. 股权：股权归因于母公司的所有者x 100 /总资产
   3. 净息息比：EBITDA（12个月滚动）/净兴趣（12个月滚动）
   4. 杠杆率：净息债券/ EBITDA（12个月滚动）
   5. R&D spend (of revenue): Research & Development costs in percentage of revenue