Amsterdam/Berlin, 21 August 2015 – 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, increased its consolidated sales revenues from EUR 172.5 million to EUR 258.9 million in the first half of 2015. This growth is primarily the result of the intensified trading activity in the non-ferrous metals segment. All earnings figures also improved in the first six months of 2015. While earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed from EUR 4.7 million to EUR 5.9 million, earnings before interest and taxes (EBIT) rose from EUR 4.6 million to EUR 5.3 million. Earnings before taxes (EBT) improved from EUR 1.4 million to EUR 1.8 million.
With a view to maintaining the positive business trend, the management team and its responsibilities have been reorganized. Thomas Picek (51), who used to be responsible for the steel activities, will be appointed CEO with effect from 1 September 2015. His predecessor, Victor Carballo, will focus on managing and expanding the steel trading operations going forward.
Metalcorp Group expects to further grow its sales revenues and earnings in spite of the difficult situation in the international commodity markets in the financial year 2015. The company is currently in advanced negotiations on the acquisition of suitable production facilities in the steel sector. This will secure the supply of products traded by Metalcorp Group and expand the value chain.
Says Thomas Picek: “ Thanks to its low-risk business model, Metalcorp Group is growing against the general industry trend not only in terms of its business volume but also with regard to sales revenues and earnings. The agreements reached to date will facilitate further growth in the coming months.”
The consolidated financial statements for the first six months of 2015 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 virtually 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 ingots. 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.