During the first semester 2017 the Campine Group achieved a revenue of 116,538 KEUR.
This increase was related to by the higher lead and antimony prices (2016: 85,864 KEUR).
The operational result reached 8,747 KEUR, compared to 1,988 KEUR in 2016 (+ 340 %).
The total result of the lead hedging amounted to a loss of - 690 KEUR (2016: + 317 KEUR).
The remaining part of the net financial result amounted to a loss of - 350 KEUR compared to a loss of - 222 KEUR in 2016.
Profit after taxes amounted to 4,980 KEUR, compared with a profit of 1,352 KEUR in 2016 (+ 268 %).
Performances per business unit:
Lead: Turnover increased to 73,305 KEUR (53,097 KEUR 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 EUR/mT - average 2016: 1,693 EUR/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 KEUR (25,277 KEUR 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 EUR/mT in the first quarter (2016: 4,850 EUR/mT). The average for the second quarter was 8,100 EUR/mT (2016: 6,000 EUR/mT).
Plastics: Turnover rose to 13,989 KEUR (12,111 KEUR 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.