Brief: Swiss Steel Holding Q1 Adj. EBITDA At EUR 44.5 Mln

Swiss Steel Holding AG

05/05/2021 06:03

May 5 (Reuters) - SWISS STEEL HOLDING AG  STLN.S :
    * SALES VOLUME IN Q1 2021 OF 510 KILOTONS UP BY 11.6 %
COMPARED
WITH Q1 2020 457 KILOTONS, THANKS TO ONGOING DEMAND IN
AUTOMOTIVE INDUSTRY
    * ADJUSTED EBITDA IN Q1 2021 RAISED SIGNIFICANTLY TO EUR
44.5
MILLION, COMPARED WITH EUR -6.1 MILLION IN Q1 2020
    * ORDER BACKLOG IN Q1 2021 OF 684 KILOTONS WITH 58.7 %
SIGNIFICANTLY HIGHER THAN IN Q1 2020, RISE OF 20.8 % ON Q4 2020
WITH CLEAR SIGNS OF RECOVERY IN MECHANICAL AND PLANT ENGINEERING
    * OUTLOOK 2021: EXPECTS TO ARRIVE AT AN ADJUSTED EBITDA OF
MORE
THAN EUR 100 MILLION

Source text for Eikon:  ID:nEQ4l7QMja 
Further company coverage:  STLN.S 

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