Amsterdam, 19 August 2016 – Metalcorp Group B.V., a specialist for the global physical trade in steel and non-ferrous metals and one of Europe’s leading independent producers of secondary aluminium ingots, looks back on a successful first half of 2016. As a result of increased trade volumes and improved margins, earnings before interest and taxes (EBIT) rose from EUR 5.3 million to EUR 6.0 million (+13.2%). Earnings before taxes climbed 27.8% to EUR 2.3 million (previous year: EUR 1.8 million). The Group’s sales revenues amounted to EUR 209.0 million (previous year: EUR 259.2 million) due to much lower commodity prices.
Says Thomas Picek, CEO of Metalcorp Group: “Our successful earnings performance based on our low-risk business model in back-to-back transactions requiring no stock-keeping shows that we can increase the quality of our earnings regardless of the volatile prices in the international commodity markets. At the same time, this vindicates our strategy of focusing on value creation in the trading and production segment. In view of the orders on hand and the expansion of our trading activities, especially in Europe, we expect our total results in 2016 to exceed those of 2015.”
The consolidated financial statements for the first six months of 2016 are available for downloading on the company’s website at www.metalcorpgroup.com in the “Bond” section.
About Metalcorp Group B.V.:
METALCORPGROUP operates in two segments, ‘Steel and NF Metals Trading’ and ‘Production of Secondary Aluminium’, where the company focuses on back-to-back transactions requiring no stock-keeping, which makes its operations effectively immune to current price trends in the international commodity markets. Key members of METALCORPGROUP include BAGR Berliner Aluminiumwerk GmbH, a company active since 1997, and the Steelcom Group, whose activities date back to the 1960s. An annual output of roughly 70,000 tons makes BAGR one of Europe’s leading independent producers of high-quality secondary aluminium slabs. Metalcorp Group B.V.’s corporate bond (ISIN: DE000A1HLTD2) has been listed in the Entry Standard for corporate bonds of Deutsche Börse AG’s Open Market (‘Freiverkehr’ of the Frankfurt Stock Exchange) since June 2013.