Recylex presents first-half 2017 sales

There is a strong growth in consolidated sales (+30%) driven mainly by the increase in lead (+32%) and zinc (+54%) prices by comparison with the first half of 2016.
Rainer Sturm, pixelio.de
Rainer Sturm, pixelio.de

The Recylex Group has today reported its consolidated sales for the six months to June 30, 2017. They totaled €218.3 million, up 30% on the level recorded in the first half of 2016 and break
down as follows (Consolidated sales by segment, unaudited IFRS figures): lead +27%, zinc +62%, special metals -10%, plastics -13% and total +30%.

Yves Roche, Chairman and Chief Executive Officer of the Recylex Group, commented: “During the first half of 2017, Recylex’s performance benefited from the rise in metals prices in Euros above their level in the first half of 2016. Although metals prices underwent a correction in the second quarter of 2017, they currently remain at satisfying levels compared with those of the first half 2016. Nonetheless, the euro is currently at its highest level against the US dollar since May 2016. If this situation persists, it could ultimately affect metals prices in Euros. In this context, our Lead and Zinc segments delivered very strong growth in the first half of 2017. Conversely, business levels remained weak in our Plastics and Special Metals segments. Despite the two major maintenance shutdowns in the Lead and Zinc segments, our industrial performance was very encouraging indeed in the first half of 2017. Lastly, works on the new reduction furnace in Germany continue on schedule.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here