ALUMETAL Alumetal Group
3Q 2021 financial results
16 November 2021
3Q 2021 and LTM at glance
- Volume sales - 55,2 k tons in 3Q 2021 and 223,6 k tons in LTM
- EBITDA - PLN 45,8 mn in 3Q 2021 and PLN 200,2 mn in LTM
- Normalized net profit - PLN 28,7 mn in 3Q 2021 and PLN 145,2 mn in LTM
- Operating cash flow - minus PLN 0,8 mn and 3Q 2021 and PLN 8,3 mn in LTM
- Net debt - PLN 162,6 mn (0,8x EBITDA)
Motor vehicle registrations in the EU and UK in thou. units
5 500 | |||||||||
5 000 | |||||||||
4 500 | 4% | 66% | 22% | ||||||
4 000 | |||||||||
3 500 | |||||||||
3 000 | |||||||||
2 500 | |||||||||
2 000 | |||||||||
1 500 | |||||||||
1 000 | |||||||||
500 | |||||||||
- | |||||||||
1Q | 2Q | 3Q | 4Q | ||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
- In 3Q 2021 new motor vehicle registrations in the EU and UK decreased by 22% (decrease passenger cars by 24% and commercial vehicles by 12%)
- In LTM sales volume of motor vehicles in the EU and UK amounted to 14,46 mn units, increase by 6% in comparison to 2020 (increase in PC sales by 5% and CV sales by 14%)
Metal Bulletin 226 alloy spread in EUR/t
700
600
500
400
342
300
200
100
0
10-201101-201204-201207-201210-201201-201304-201307-201310-201301-201404-201407-201410-201401-201504-201507-201510-201501-201604-201607-201610-201601-2017 | 04-201707-201710-201701-201804-201807-201810-201801-201904-201907-201910-201901-202004-202007-202010-202001-202104-202107-2021 | ||||
month average | ten-year average | ||||
- The benchmark margin increased from 382 EUR/t in June 2021 to 459 EUR/t in September 2021 and a significant increase in October 2021 to 843 EUR/t
- In 3Q 2021 average margin amounted to 412 EUR/t and was 6% higher than the average margin in 2020 and 20% higher than the ten-year average
Volume sales in thou. tons | ||||||||||||||||
200 | 250 | |||||||||||||||
180 | 176,5 | 223,6 | ||||||||||||||
197,7 | ||||||||||||||||
193,1 | ||||||||||||||||
160 | 200 | |||||||||||||||
176,0 | ||||||||||||||||
140 | 164,8 | |||||||||||||||
159,3 | ||||||||||||||||
156,1 | 156,6 | |||||||||||||||
120 | 109,6 | 150 | 126,9 | |||||||||||||
100 | ||||||||||||||||
80 | 100 | 88,1 | 99,4 | |||||||||||||
60 | 55,2 | |||||||||||||||
40 | 37,3 | 50 | ||||||||||||||
20 | ||||||||||||||||
0 | 0 | |||||||||||||||
3Q'20 | 3Q'21 | 9M'20 | 9M'21 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | LTM |
- In 3Q 2021 sales volume increased by 48% yoy to 55,2 k tons
- In LTM sales volume amounted to 223,6 k tons, increase by 43% in comparison to 2020
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Disclaimer
Alumetal SA published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 13:46:06 UTC.
