Brief: Swiss Steel Holding AG: Maintains FY Guidance

Swiss Steel Holding AG

10/08/2023 06:05

Aug 10 (Reuters) - Swiss Steel Holding AG  STLN.S :
    * SALES VOLUME DECREASED BY - 19 % FROM 937 KILOTONS IN
FIRST HALF
OF 2022 TO 756 KILOTONS IN FIRST HALF OF 2023
    * REVENUE FOR FIRST HALF OF 2023 IN COMPARISON FELL BY - 13
% YEAR
OVER YEAR FROM EUR 2,144.6 MILLION TO EUR 1,857.3 MILLION
    * ADJUSTED EBITDA IN FIRST HALF OF 2023 CAME IN LOWER AT EUR
70.0
MILLION VERSUS EUR 171.0 MILLION IN PRIOR-YEAR PERIOD
    * NET DEBT AMOUNTED TO EUR 942.0 MILLION, AN INCREASE OF EUR
93.8
MILLION
    * MAINTAINS FULL YEAR GUIDANCE OF AN ADJUSTED EBITDA IN A
RANGE OF
EUR 160 TO 200 MILLION

Further company coverage:  STLN.S 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))