Metalcorp Group with successful first quarter 2021: increase in EBITDA of 45.2 % to EUR 11.2 million

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.:
Metalcorp Group is a diversified global service provider in the metals and minerals industry including procurement, marketing, mining and processing of such products. The company's divisions are aluminium, metals and concentrates, bulk and ferrous. Metalcorp Group carries out a risk averse back-to-back business model underpinned by a significant asset base. The 2017/2022 bond (ISIN: DE000A19MDV0) is traded on the Open Market of Deutsche Börse AG ("Freiverkehr" of the Frankfurt Stock Exchange), while the 2017/2022 bond (ISIN: NO0010795701) is traded on the Oslo Stock Exchange.

For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 89 8896906-25
metalcorp@better-orange.de

Mark Nunes
Metalcorp Group S.A.
+352 2799 0145 55
mnunes@metalcorpgroup.com