Five half-year overview

Unit

H2 2021

H1 2022

H2 2022

H1 2023

H2 2023

Key operational figures

Production volume

kilotons

893

1,052

746

925

618

Sales volume

kilotons

835

937

726

756

619

Order backlog

kilotons

691

590

454

386

355

Income statement

Revenue

million EUR

1,602.1

2,144.6

1,906.8

1,857.3

1,386.9

Average sales price

EUR/t

1,921

2,290

2,629

2,460

2,244

Gross profit

million EUR

528.8

663.7

483.4

550.2

317.3

Adjusted EBITDA

million EUR

81.7

171.0

46.1

70.0

- 110.9

EBITDA

million EUR

94.6

157.1

31.7

58.5

- 160.7

EBIT

million EUR

45.9

113.2

- 40.2

17.0

- 216.8

Earnings before taxes

million EUR

22.8

89.5

- 68.2

- 23.0

- 264.7

Group result

million EUR

15.1

74.0

- 64.6

- 30.0

- 264.8

Cash flow/investments/depreciation/amortization

Cash flow before changes in net working capital

million EUR

80.9

111.6

38.4

22.1

- 149.9

Cash flow from operating activities

million EUR

- 11.7

- 141.2

187.8

- 22.7

185.3

Cash flow from investing activities

million EUR

- 60.3

- 32.9

- 67.4

- 40.0

- 37.2

Free cash flow

million EUR

- 72.0

- 174.1

120.4

- 62.7

148.1

Investments

million EUR

72.4

42.3

72.8

44.9

69.4

Depreciation, amortization and impairments

million EUR

48.6

43.9

71.9

41.5

56.1

Net assets and financial structure

Non-current assets

million EUR

575.6

561.7

568.5

556.6

578.6

Current assets

million EUR

1,651.8

2,196.9

1,817.5

1,861.4

1,354.6

Net working capital

million EUR

1,040.6

1,307.3

1,112.4

1,149.1

826.2

Balance sheet total

million EUR

2,227.4

2,758.6

2,386.0

2,418.0

1,933.2

Shareholders' equity

million EUR

448.9

594.7

530.9

498.7

234.4

Non-current liabilities

million EUR

894.8

1,006.0

736.8

807.4

824.0

Current liabilities

million EUR

883.7

1,157.9

1,118.3

1,111.9

874.8

Net debt

million EUR

720.5

936.3

848.2

942.0

828.6

Employees

Employees as of closing date

Positions

9,914

9,904

9,857

9,639

8,812

Value management

Capital employed

million EUR

1,588.6

1,845.0

1,646.8

1,675.0

1,372.4

Key figures on profit/net assets and financial structure

Gross profit margin

%

33.0

30.9

25.4

29.6

22.9

Adjusted EBITDA margin

%

5.1

8.0

2.4

3.8

- 8.0

EBITDA margin

%

5.9

7.3

1.7

3.1

- 11.6

Equity ratio

%

20.2

21.6

22.2

20.6

12.1

Net debt/adj. EBITDA LTM (leverage)

x

3.8

3.7

3.9

8.1

n/a

Net working capital/revenue (L3M annualized)

%

31.1

29.3

29.0

32.2

30.5

Swiss Steel Holding AG, Landenbergstrasse 11, CH-6005 Lucerne, +41 41 581 4000

www.swisssteel-group.com

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Swiss Steel Holding AG published this content on 11 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 08:27:07 UTC.