Metalcorp Group S.A.

  • WKN: A19MDV
  • ISIN: DE000A19MDV0
  • Land: Luxemburg

Nachricht vom 02.02.2016 | 12:00

Metalcorp Group reports improved revenues and earnings for financial year 2015

DGAP-News: Metalcorp Group B.V. / Key word(s): Preliminary Results

2016-02-02 / 12:00
The issuer is solely responsible for the content of this announcement.

Metalcorp Group reports improved revenues and earnings for financial year 2015
- Preliminary consolidated earnings before taxes (EBT) rise by 18.8% to EUR 5.7 million
- Acquisition of a 70% interest in Nikolaidis Bros. SA marks entry into steel tube production sector

Amsterdam, 2 February 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 slabs, continued to increase both its sales revenues and earnings in the financial year 2015 in spite of the adverse conditions prevailing in the international commodities markets. According to preliminary figures, Metalcorp Group's consolidated sales revenues rose by 44.4% from EUR 320.9 million to EUR 463.3 million. This growth was primarily achieved in the non-ferrous metals segment and in the segment for niche products.

On the earnings side, the company continued to benefit from its risk adverse business model of almost constant profit margins in back-to-back transactions requiring no stock-keeping and from the almost unchanged cost structure. Accordingly, the preliminary consolidated earnings before taxes (EBT) climbed 18.8% to EUR 5.7 million (previous year: EUR 4.8 million) in the financial year 2015.

The Group's preliminary total assets increased from EUR 249.6 million to EUR 267.3 million while the preliminary Group equity rose from EUR 106.1 million to EUR 114,5 million, which corresponds to a preliminary Group equity ratio of 42.8% (31 December 2014: 42.5%).

Metalcorp Group is constantly reviewing attractive market opportunities arising from the current situation in the international commodities markets with a view to strengthening its own market position. With effect from 31 December 2015, the company entered the steel tube production sector through the acquisition of a 70% interest in Nikolaidis Bros. SA, Greece. Headquartered in Thessaloniki, the company has a state-of-the-art, fully automated production facility with a capacity of up to 200,000 tons p.a. As a result of this investment, the successful tube trading activities are now supported by an own extremely cost-efficient production facility.

The audited consolidated financial statements for 2015 are scheduled for publication on the company's website at in April 2016.

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.

For more information:
Frank Ostermair/Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25

Ricardo Phielix (CFO)
Metalcorp Group B.V.
+31 (0) 20 890 89 00

2016-02-02 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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