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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.68% | 74.00 | 74.00 | 73.00 | 74.00 | 74.00 | 74.00 | 223 | 02:00:57 |
Regulated information - 2 September 2021 – 18:30
Financial results
During the first semester of 2021 Campine’s revenue amounted to 106,3 mio €, which is an increase of 29% compared to the first semester of 2020 and 3% higher than the first semester of the ‘pre‑Corona year’ 2019. The EBITDA reached 10,9 mio €, which is a record high result for the first semester. The increase in sales and profit is entirely related to the recovery of the economy following the breakthrough of the Corona pandemic and the increase of the raw material prices. “The demand for all our products was extremely high” explains CEO De Vos “Our concerns today are mainly to find enough raw materials at decent prices, although we can pass on the increased costs fairly easily” he adds. Especially in Campine’s Specialty Chemicals division there are shortages for different materials, leading to higher prices.
Campine was also able to extend the efficiency improvements and savings implemented during last year’s pandemic. Thanks to adequate measures there have been no negative consequences for Campine’s employees related to Covid so far.
To facilitate a better comparison, results of the ‘pre-Covid’ year 2019 were added to the usual comparison with the prior (Covid) year 2020.
Results per division/segment
Division/segment Specialty Chemicals
Market and Operations
Division/segment Metals Recycling
Market and Operations
Outlook 2021
We can already mention that 2021 will be a strong year for Campine, surely if raw material prices remain on a high level. In all of our businesses we expect the positive market situation to extend “Market demand remains high, so we expect to run at full capacity for the remainder of 2021” according to CEO De Vos.
LME stocks in Europe and the USA continue to diminish, which keeps the lead LME price at a reasonable high level: it has been fluctuating around the 2,000 €/ton mark in recent weeks. It is expected that there will be a lead deficit this year on the world market. The price and high demand situation is also supported by the temporary fall out of Europe’s largest lead producer in West Germany due to the flooding of early July.
In Campine’s Specialty Chemicals the demand is also expected to remain high, as Asian (mainly Chinese) competitors have supply issues related to logistical limitations and high shipping costs.
Attachments
1 Year Campine NV Chart |
1 Month Campine NV Chart |
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