Financial information at March 31, 2022
03 June 2022 - 2:00AM
Financial information at March 31, 2022
The Recylex Group (Euronext Paris: FR0000120388
- RX) publishes today its financial information at March 31, 2022.
As a reminder, Recylex S.A. (the
“Company”) is the subject of a court-ordered
reorganization proceeding opened on May 5, 2022 by a ruling of the
Paris Commercial Court (1). The observation period has been set at
six months.
|
In millions of euros |
At March 31, 2022 |
At March 31, 2021 |
Change (%) |
|
Lead |
17,1 |
14,4 |
+19% |
|
Plastic |
2,8 |
2,9 |
-3% |
|
Other activities |
0,0 |
0,1 |
-70% |
|
Total |
19,9 |
17,4 |
+15% |
IFRS data, unaudited figures.
1. Trend in metal prices at March 31,
2022 (in euros)
|
In euros per ton |
Average first
quarter 2022 |
Average first quarter2021 |
Change (%) |
|
Lead price €/t |
2 079 |
1 674 |
+24% |
|
Exchange rate €/$ |
1,122 |
1,205 |
-6,9% |
Source : London Metal Exchange.
The average lead price for the first quarter of
2022 was 2,079 euros, up 24% compared with the average for the
first quarter of 2021.
Expressed in dollars, the average lead
price for the first quarter of 2022 was $2,333, up 16% compared
with the average for the first quarter of 2021. At the same time,
the euro/dollar exchange rate fell over the period (-7% compared to
the first quarter of 2021), supporting the lead price expressed in
euros.
2. Breakdown of consolidated sales at
March 31, 2022 relative to March 31, 2021
The consolidated turnover as at 31 March 2022
amounted to €19.9 million.
2.1
Lead Segment
The Lead segment accounted for 86% of
consolidated sales at March 31, 2022, and includes sales from
Recylex S.A.'s two used lead-acid battery recycling plants.
Sales amounted to €17.1 million at March 31,
2022, up +€2.7 million (+19%) on the sales for the same period in
2021, mainly due to the rise in lead prices over the period and, to
a lesser extent, the increase in the volumes of secondary materials
sold by Recylex S.A.'s two used lead-acid battery recycling
plants.
During the first quarter of 2022, Recylex S.A.
recycled around 16,500 tons of used lead-acid batteries.
The lead segment's business remains highly
dependent on the demands of its main customer, Nordenham Metall
GmbH (a subsidiary of Glencore International AG), which accounted
for almost 80% of its sales for the first quarter of 2022.
2.2 Plastic
Segment
The Plastics segment accounted for 14% of
consolidated revenues at March 31, 2022, and concerns the
activities of C2P S.A.S.
Sales amounted to €2.8 million at 31 March 2022,
in line with the turnover at 31 March 2021 (-0.1 million compared
with the sales for the same period in 2021).
The business was affected by slightly lower
volumes sold in the first quarter of 2022 than in the first quarter
of 2021 due to a less linear flow of recycled materials in the
markets addressed by C2P S.A.S.
***
1 See press releases of 15 April 2022 and 6 May
2022.
***
APPENDIX
Recylex S.A.’s sales
|
In millions of euros |
AtMarch 31, 2022 |
AtMarch 31, 2021 |
Change (%) |
|
Lead segment |
17,7 |
15,0 |
5% |
|
Services to Group companies |
0,1 |
0,2 |
-60% |
|
Total sales |
17,8 |
15,2 |
3% |
IFRS data, unaudited figures.
***
Disclaimer: This press release is a non-official
translation into English of the press release of the same date
issued in French language and is provided solely for the
convenience of English-speaking users. This press
release should be read in conjunction with and construed in
accordance with French law. Disclaimer: This press release may
contain forward-looking statements that constitute either trends or
objectives and should not be construed as forecasts of
results or any other performance indicator. This information is by
its nature subject to risks and uncertainties, as described in the
Company's Annual Report available on its website
(www.recylex.fr). More detailed information on
Recylex can be found on its website (www.recylex.eu).
***
Raw materials from urban minesThe Recylex Group
is a European specialist in the recycling of lead, zinc and
polypropylene.For more information about the Recylex
Group: www.recylex.eu
***
Press & Investor contact: T +33 (0)158 47 29 91 |
E info@recylex.eu
Recylex S.A. | Registered office: 6 place de la Madeleine |
75008 Paris | France
Administrative office: 79 rue Jean-Jacques Rousseau | 92158
Suresnes Cedex | France
- 20220602 Recylex S.A. - Financial Information at March 31,
2022
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