Campine NV: Interim financial report 30/06/2017
29 September 2017 - 4:05PM
During the first semester 2017 the
Campine Group achieved a revenue of 116,538 K€.
This increase was related to by the higher lead and antimony prices
(2016: 85,864 K€).
The operational result reached
8,747 K€, compared to 1,988 K€ in 2016 (+ 340 %).
The total result of the lead
hedging amounted to a loss of - 690 K€ (2016: + 317 K€).
The remaining part of the net financial result amounted to a loss
of - 350 K€ compared to a loss of - 222 K€ in 2016.
Profit after taxes amounted to
4,980 K€, compared with a profit of 1,352 K€ in 2016 (+ 268 %).
Performances per business
unit:
Lead:
Turnover increased to 73,305 K€ (53,097 K€ in 2016) (+ 38 %). Our
volume increased to 31,585 mT (30,141 mT in 2016) (+ 4.8
%).
The LME lead prices, which are the basis of our sales prices, were
significantly higher in the first semester 2017 than in 2016.
(Average 2017: 2,053 €/mT - average 2016: 1,693 €/mT).
Antimony:
Although the sales volume showed a limited increase to 6,163
mT (5,843 mT in 2016) (+ 5.5 %), turnover increased significantly
to 35,826 K€ (25,277 K€ in 2016) (+ 42 %).
This is due to the fact that the metal price of the first quarter
2017 was considerably higher than the one of the year
before.
Metal Bulletin prices fluctuated around 7,550 €/mT in the first
quarter (2016: 4,850 €/mT). The average for the second
quarter was 8,100 €/mT (2016: 6,000 €/mT).
Plastics:
Turnover rose to 13,989 K€ (12,111 K€ in 2016) (+ 15 %), while the
volume increased considerably to 3,423 mT (3,080 mT in 2016) (+
11,1 %).
Perspectives full
year 2017
In the first six months, customer
demand was in line with budget.
Volumes in the second semester are
always lower compared to the first semester, but we expect to be
able to retain our margins at the current level. This should
generate a positive result in the second semester.
In annex you'll find the full
version of the press release.
2017-09-29 half year
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Campine NV via Globenewswire
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