Metalcorp Group B.V., DE000A1HLTD2

Metalcorp Group B.V., DE000A1HLTD2

16.02.2017 - 10:02:25

Metalcorp Group reports strong earnings growth for FY 2016

Metalcorp Group reports strong earnings growth for FY 2016 - Preliminary consolidated EBITDA up 20.8% to EUR 19.7 million - Preliminary consolidated earnings before taxes (EBT) climb 35.2% to EUR 9.9 millio Amsterdam, 16 February 2017 - According to preliminary figures, 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, was able to increase all consolidated earnings figures notably in FY 2016 compared to the previous year as had been projected. The company continues to benefit from its risk adverse business model of almost constant profit margins in back-to-back transactions requiring no stock-keeping. Based on an increased business volume (strong growth for ferrochrome, copper and niche products) and in spite of a commodity price-related decline in Group revenues to EUR 424.5 million (2015: EUR 446.6 million), preliminary consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by 20.8% from EUR 16.3 million to EUR 19.7 million in fiscal 2016. Consolidated earnings before taxes (EBT) climbed 35.2% to EUR 9.9 million (previous year: EUR 7.3 million). The Group's preliminary total assets increased from EUR 267.3 million to EUR 336.3 million, while preliminary Group equity rose from EUR 114.5 million to EUR 122.2 million, which is equivalent to a preliminary Group equity ratio of 36.3% (31 December 2015: 42.8%). To further strengthen the Group's market position, offices in the steel trading segment were opened in Vienna and Essen in July 2016 and September 2016, respectively, and a total of 30 dealers and back-office staff were taken over from other trade firms. These measures will lead to a significant business expansion already in 2017. The audited consolidated financial statements for 2016 are scheduled for publication on the company's website at www.metalcorpgroup.com in April 2017.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 metalcorp@better-orange.de Ricardo Phielix (CFO) Metalcorp Group B.V. +31 (0) 20 890 89 00 rphielix@metalcorpgroup.com  

16.02.2017 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. Archive at www.dgap.de

Language: English

Company: Metalcorp Group B.V. Crystal Tower, Orlyplein 10 1043 DP Amsterdam

Netherlands ISIN: DE000A1HLTD2 WKN: A1HLTD Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market in Frankfurt (Entry Standard)   End of News DGAP News Service

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