Brief: Swiss Steel Holding Q4 Adjusted EBITDA At EUR 4.1 Million

Swiss Steel Holding AG

03/03/2021 06:06

March 3 (Reuters) - SWISS STEEL HOLDING AG  STLN.S :
    * CHALLENGING 2020 MARKET CONDITIONS HAVE NEGATIVELY
IMPACTED
SALES AND PROFITABILITY, WITH CAUTIOUS SIGNS OF IMPROVEMENT
DURING Q4 2020
    * Q4 ADJUSTED EBITDA 4.1 MILLION EUR
    * OVERALL DECLINE IN SALES VOLUME IN 2020 DUE TO COVID-19
FROM
1,830 TO 1,535 KILOTONS
    * REVENUE FOR FULL-YEAR 2020 FELL BY 23.2 % YEAR ON YEAR TO
EUR
2,288.4 MILLION; Q4 2020 WITH EUR 604.5 MILLION WAS AROUND 2.3%
SHORT Q4 2019
    * ORDER BACKLOG AT END OF 2020 WAS UP BY 35.7 % TO 566
KILOTONS
YEAR OVER YEAR DRIVEN BY SLIGHT RECOVERY IN AUTOMOTIVE SECTOR
DURING Q4 2020
    * ADJUSTED EBITDA IN 2020 OF EUR - 68.9 MILLION VERSUS EUR
51.2
MILLION IN 2019
    * OUTLOOK 2021: ANTICIPATES CONTINUING UNCERTAINTIES DUE TO
COVID-19 IN FIRST HALF OF YEAR, BUT IS CAUTIOUSLY OPTIMISTIC OF
MODERATE NORMALIZATIONS ACROSS SELECTED END-MARKETS IN SECOND
HALF OF 2021

Source text for Eikon:  ID:nEQ1fS4JSa 
Further company coverage:  STLN.S 

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