Standard Profil - comment

Standard Profil is holding their Q1 conference call at 1 pm today. This will be an upbeat call following the confirmation of the passthrough agreement with customers for recent inflationary pressure. Note the Company has fully drawn on its RCF as a precaution due to having Credit Suisse as its provider. In addition, the additional €10m equity contribution from the sponsor is not in these numbers as this took place in April, after quarter end. We will publish an updated model in the coming days after the call.