Metalcorp Group with satisfactory result 2020: preliminary Group EBITDA amounts to EUR 32.4 million

Metalcorp Group with satisfactory result 2020: preliminary Group EBITDA amounts to EUR 32.4 million

Luxembourg, 22 February 2021 - Metalcorp Group S.A., a globally operating service provider for the procurement, logistics and trading of steel and non-ferrous metals, as well as a leading independent producer of secondary aluminium slabs in Europe, achieved a satisfactory result in the fiscal year 2020 in a challenging environment. The company's priority was to ensure the safety of its people and maintain operations at the same time. Metalcorp is grateful for the tremendous effort of its teams and the support of its customers and suppliers which enabled the Group to achieve this.

In the 12 months to 31 December 2020, Metalcorp achieved preliminary revenues of EUR 405.1 million (previous year: EUR 541 million) and a preliminary EBITDA of EUR 32.4 million (previous year: EUR 36.1 million). The preliminary EBIT amounted to EUR 31 million (previous year: EUR 34.2 million). The preliminary consolidated balance sheet total was EUR 522 million (previous year: EUR 522.9 million), while the preliminary consolidated equity rose from EUR 155.6 million to EUR 160.6 million, which corresponds to a preliminary consolidated equity ratio of 30.8% (previous year: 29.7%).

Due to the COVID-19 pandemic, activities were characterised by lower metal prices, reduced automotive business in April and May and lower than planned aluminium production in the period from June to August. The nevertheless satisfactory result underlines the success of the risk-averse business model in such an environment.

For 2021, higher revenue and earnings volumes are expected based on additional off-take agreements and the bauxite production in Guinea.

The audited consolidated financial statements are expected to be published on the company's website at www.metalcorpgroup.com in April 2021.

About Metalcorp Group S.A.:
Metalcorp Group is a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe's leading independent producers of secondary aluminium ingots. Its core competence in all segments are so-called back-to-back transactions requiring no stock-keeping, which make the Group's operations largely immune to price risks and neutralise other trading risks. With its subsidiaries and own offices the Group operates in 18 countries around the world and has four production facilities in Europe. The 2017/2022 bond (ISIN: DE000A19MDV0) is traded on the Open Market of Deutsche Börse AG ("Freiverkehr" of the Frankfurt Stock Exchange), while the 2017/2022 bond (ISIN: NO0010795701) is traded on the Oslo Stock Exchange.

For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 89 8896906-25
metalcorp@better-orange.de

Mark Nunes
Metalcorp Group S.A.
+352 2799 0145 55
mnunes@metalcorpgroup.com