Luxembourg, 13 August 2019 – Metalcorp Group S.A., a globally operating service provider for the procurement, logistics and trading of steel and non-ferrous metals as well as a leading independent producer of secondary aluminium slabs in Europe, recorded a successful first half of 2019. Despite lower revenues – due to a changed product mix and lower raw material prices – of EUR 305.4 million (first half of 2018:
EUR 330.1 million), key earnings figures improved year-on-year. While EBITDA rose by 15.1% from EUR 14.9 million to EUR 17.1 million thanks to higher volumes, particularly in the zinc business, and sustained good production activity, EBT increased by 28.6% from EUR 8.4 million to EUR 10.9 million. The successful earnings performance in the first half of 2019 confirms the Metalcorp Group’s risk-averse business model, which enables earnings quality to be improved independently of raw material prices.
The consolidated half-year financial statements 2019 can be downloaded from the corporate website www.metalcorpgroup.com in the Bond section.
About Metalcorp Group S.A.:
Metalcorp Group is a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe’s leading independent producers of secondary aluminium ingots. Its core competence in all segments are so-called back-to-back transactions requiring no stock-keeping, which make the Group’s operations largely immune to price risks and neutralise other trading risks. With its subsidiaries and own offices the Group operates in 18 countries around the world and has four production facilities in Europe. The 2017/2022 bond (ISIN: DE000A19MDV0) is traded on the Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange), while the 2017/2022 bond (ISIN: NO0010795701) is traded on the Oslo Stock Exchange.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 89 8896906-25
metalcorp@better-orange.de
Mark Nunes
Metalcorp Group S.A.
+352 2799 0145 55
mnunes@metalcorpgroup.com