Recylex still in financial troubles

The company reported that sales fell in 2015 by 9 percent and that it continues its search for an investor.
Rainer Sturm,
Rainer Sturm,

Recylex has reported consolidated sales of 385.4 million Euros for €, which is a decrease of 9 per cent compared to 2014. In the fourth quarter of 2015 sales was 91.3 million €, 3 per cent less than in the same quarter of the previous year.

The highest drop in sales the company registers in the fields of special metals (-13 percent) and lead (-10 percent). As the reasons for this result the company states on the one hand scheduled maintenance shutdowns in the Lead and Zinc segments, on the other hand the high volatility of metal prices.

Moreover, the company is looking for investors. Unless it receives a financing proposal by the end of the first quarter of 2016, the going concern status of the Group’s German subsidiaries, the company states. Financing is required for the new production project in the Lead segment, the €3 million credit line that expires at the end of March 2016 and the working capital requirement of the Group’s German perimeter.


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