Campine NV: Interim financial report 30/06/2017
Post# of 301275
During the first semester 2017 the Campine Group achieved a revenue of 116,538 K€. This increase was related to by the higher lead and antimony prices (2016: 85,864 K€).
The operational result reached 8,747 K€, compared to 1,988 K€ in 2016 (+ 340 %).
The total result of the lead hedging amounted to a loss of - 690 K€ (2016: + 317 K€). The remaining part of the net financial result amounted to a loss of - 350 K€ compared to a loss of - 222 K€ in 2016.
Profit after taxes amounted to 4,980 K€, compared with a profit of 1,352 K€ in 2016 (+ 268 %).
Performances per business unit :
Lead: Turnover increased to 73,305 K€ (53,097 K€ in 2016) (+ 38 %). Our volume increased to 31,585 mT (30,141 mT in 2016) (+ 4.8 %). The LME lead prices, which are the basis of our sales prices, were significantly higher in the first semester 2017 than in 2016. (Average 2017: 2,053 €/mT - average 2016: 1,693 €/mT).
Antimony: Although the sales volume showed a limited increase to 6,163 mT (5,843 mT in 2016) (+ 5.5 %), turnover increased significantly to 35,826 K€ (25,277 K€ in 2016) (+ 42 %). This is due to the fact that the metal price of the first quarter 2017 was considerably higher than the one of the year before. Metal Bulletin prices fluctuated around 7,550 €/mT in the first quarter (2016: 4,850 €/mT). The average for the second quarter was 8,100 €/mT (2016: 6,000 €/mT).
Plastics: Turnover rose to 13,989 K€ (12,111 K€ in 2016) (+ 15 %), while the volume increased considerably to 3,423 mT (3,080 mT in 2016) (+ 11,1 %).
Perspectives full year 2017
In the first six months, customer demand was in line with budget.
Volumes in the second semester are always lower compared to the first semester, but we expect to be able to retain our margins at the current level. This should generate a positive result in the second semester.
In annex you'll find the full version of the press release.
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