Metalcorp Group with successful first quarter 2021: increase in EBITDA of 45.2 % to EUR 11.2 million
DGAP-News: Metalcorp Group S.A.
/ Key word(s): Quarter Results
Metalcorp Group with successful first quarter 2021: increase in EBITDA of 45.2 % to EUR 11.2 million Luxembourg, 4 May 2021 - Metalcorp Group S.A., a global service provider for the procurement, production, mining and marketing of metals and minerals, had a successful first quarter 2021 with an increase in revenue and profitability. In Q1 2021, Metalcorp realized a revenue of EUR 164.1 million (up 27.4% versus Q1 2020) and an adjusted EBITDA of EUR 11.2 million (up 45.2% versus Q1 2020). The diversified and risk averse business model thus proved again to be the right strategy in challenging markets. After successfully operating through the challenges of COVID-19 in 2020 Metalcorp Group achieved, despite the ongoing constraints of the pandemic, an increase of volume in all its business segments with the aluminium plants operating at three-shift-capacity. Further activities in processing, mining and marketing started and contributed to these results. In view of the current order books and production schedules, the company expects the full year 2021 EBITDA to increase significantly. About Metalcorp Group S.A.: For further information: Mark Nunes
04.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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