Amsterdam, 31 July 2017 – 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 2017. Thanks to increased trade volumes and improved margins, earnings before interest and taxes (EBIT) increased from EUR 6.0 million to EUR 12.9 million. Group revenues improved from EUR 209.0 million to EUR 312.9 million on greatly increased production and trade volumes.
Says Thomas Picek, CEO of Metalcorp Group: “We delivered a very strong performance in the first half of 2017, especially in our aluminium production activities. In the trading segment, growth was driven by our new automotive supply chain operations as well as by ferrochrome and copper in the context of our long-term offtake agreements. The orders on hand suggest that the positive performance will continue in the rest of the year 2017.”
The consolidated financial statements for the first six months of 2017 are available for downloading on the company’s website at www.metalcorpgroup.com in the “Bond” section.
About Metalcorp Group B.V.:
Metalcorp Group 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. The company maintains an international distribution network with own offices in the ferrous and non-ferrous sectors as well as 4 production facilities in Europe. Metalcorp Group B.V.’s corporate bond 2013/2018 (ISIN: DE000A1HLTD2) is listed in the basic board segment of Deutsche Börse AG’s Open Market (‘Freiverkehr’ of the Frankfurt Stock Exchange).