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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Campine NV | EU:CAMB | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 75.00 | 74.50 | 75.50 | 75.00 | 75.00 | 75.00 | 9 | 12:48:57 |
Regulated information - 27 September 2019 – 18:30
Headlines - Financial results
During the first semester of 2019 Campine achieved a revenue of 101,9 mio € (2018: 113,8 mio €). Profit after taxes amounted to 2,33 mio €, (2017: 4,67 mio €). The reduction in sales (-10,4%) and profit (-50,0%) are solely related to the lower metal prices in 2019.
“2019 turns out to be a difficult year.” explains CEO De Vos “The industrial demand for many of our products is currently weak. Additionally, the lead and antimony metal prices, which form the bases of our sales prices, have declined substantially. In the short term, this also puts our margins under pressure.”
Antimony metal prices dropped on average 12,5% compared to the 1st semester 2018, whilst LME lead prices dropped even with an average of 14,4%.
“During the summer months the LME lead prices have recovered and in September the continuous decrease in antimony metal price seems to have reached its bottom. These should both have a positive effect on the results in the last quarter. We expect therefore to end 2019 with a relatively good result seen the difficult market conditions.” adds De Vos.
“We remain a cyclical company, but through diversification, volume growth and increased operational efficiency Campine managed to realise a positive result during a downward market cycle.” concludes Chairman De Groote.
Performances per division
Division Specialty Chemicals
Market and Operations
Division Metals Recycling
Market and Operations
Outlook 2019 / 2020
We foresee the weak demand to sustain for the rest of the year in all our businesses. An uptake is only expected during 2020. It seems like the decrease of the antimony metal prices has slowly reached its bottom during September, so we expect better results in the Specialty Chemicals division in the 4th quarter. The positive evolution during the summer months of the LME lead prices from below 1.700 €/ton to over 1.850 €/ton should contribute to a better result for the Metals Recycling unit in the 2nd semester.
All in all, Campine expects to close this difficult year 2019 with an average positive result.
The full press release and interim financial report are available in annex and on on our website www.campine.com: Investors/shareholder information/financial reports and calendar/Financial reports/interim financial report 2019.
This information is also available in Dutch. Only the Dutch version is the official version. The English version is a translation of the original Dutch version.
For further information you can contact Karin Leysen (tel. no +32 14 60 15 49) (email: Karin.Leysen@campine.be).
Attachments
1 Year Campine NV Chart |
1 Month Campine NV Chart |
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