Secondary aluminium ingot producer Metalcorp posts strong earnings growth for FY2016

AL Circle

Metalcorp Group B.V., one of the leading manufacturers of secondary aluminium ingots in Europe, posted impressive growth across all consolidated earnings figures for the fiscal year ended 31 December 2016. The company's profit margin remains constant in back-to-back transactions requiring no stock-keeping as it keeps adhering to its risk-averse business model.

Metalcorp, headquartered in Amsterdam, Netherlands, specializes in the global physical trade of steel and non-ferrous metals such as aluminium. Along with its subsidiary BAGR Berliner Aluminiumwerk GmbH it produces high-quality aluminium cast blocks based on secondary aluminium for the European market.

News
Based on an increased business volume, Metalcorp’s EBITDA improved significantly by 20.8 per cent from EUR 16.3 million to EUR 19.7 million in the last fiscal despite a EUR 424.5 million decline in Group revenues due to commodity price downturn. Consolidated EBIT of the company rose 35.2 per cent to EUR 9.9 million from EUR 7.3 million a year ago.

According to the preliminary figures released, the Group’s total assets increased to EUR 336.3 million in 2016 from EUR 267.3 million in the previous year. The preliminary Group equity scaled up from EUR 114.5 million to EUR 122.2 million, which is equivalent to a higher preliminary Group equity ratio of 36.3 per cent in comparison to 42.8 per cent in 2015.

{googleAdsense}

The Dutch secondary aluminium ingot manufacturer is currently in an expansion mode. It has opened new offices in Vienna and Essen to further reach out to its end users.  

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Alternate Text
IBAAS​-IIM 2024

September 25-27, 2024 | BITS Pilani K K Birla Goa Campus, Goa, INDIA

Related
Business Leads
Interested to aluminium ubc scrap. Destination : Algeria
18-Mar-2024 Buying request

We are interested in purchasing large quantity of CLEAN Alum...
14-Mar-2024 Buying request

Interested to buy aluminium 6063 scrap in 1MT pallets in bun...
09-Aug-2023 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads