According to Recylex sales in the nine-month period to September 30th 2018 totaled €281.5 million, down 17% compared to the first nine months of 2017. Consolidated sales for the third quarter of 2018 totaled €87.7 million, down 26% on the same period of 2017.
Sebastian Rudow, Chairman and CEO of Recylex S.A., commented: “The lead segment’s performance during the last two quarters has not been satisfactory. Even though we start to benefit from the support of our external experts and from the teams’ commitment, we must pursue and increase our efforts to improve production. However, the Group has posted solid sales in the Zinc segment and stable sales in the Plastics segment. With strongly increasing sales, the actions made by the Special Metals segment during the last months have successfully started to pay off. The Group is in the middle of its industrial transformation: having our two lead furnaces running at an optimized level remains our top priority and will require time.
In this context, I have changed our organization in Germany to become more efficient. In line with this strategy, evolutions have been made recently in our German subsidiaries top management, in the aim of giving teams the means to be more focused on local operations. We will rely on experienced people which will bring their expertise and knowledge.”