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Swiss Steel Group with significantly improved results in comparison to the previous year

·2-min read

Swiss Steel Holding AG / Key word(s): Miscellaneous

28-Apr-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Lucerne, April 28, 2021 - Swiss Steel Group, a global leader in special long steel, has significantly improved its financial key performance indicators compared to the prior-year quarter.

In the first quarter of 2021, sales volumes increased by around 12% to 510 kilotons compared to the same quarter of 2020, the order backlog rose by approx. 59% to 684 kilotons, and adjusted EBITDA improved to around EUR 44 million from EUR -6 million. Group result as well improved significantly to approx. EUR 5 million from EUR -42 million.

As planned and already announced, the company will present more detailed information on the results for the first quarter of 2021 and the outlook for the financial year 2021 as part of its capital market reporting on May 5, 2021.

For further information:

For media queries:
Dr. Andrea Geile,
a.geile@swisssteelgroup.com, tel +41 (0)41 581 4121

For analyst/investor inquiries:
Daniel Geiger,
d.geiger@swisssteelgroup.com, tel +41 (0)41 581 4160


Media Release (PDF)

About Swiss Steel Group

The Swiss Steel Group is currently one of the world's leading providers of customized solutions in the field of special long steel products. The Group is also one of the leading manufacturers in the global market for both tool steel and stainless long steel and is one of the two largest companies in Europe for alloyed and high-alloy quality & engineering steel. With close to 10,000 employees at its own production and distribution companies in over 30 countries across five continents, the Company supports and supplies its customers around the globe and offers them a full product portfolio from Production and Sales & Services. They benefit from the Company's technological expertise, consistently high product excellence across the globe, and in-depth knowledge of local markets.


End of ad hoc announcement

Language:

English

Company:

Swiss Steel Holding AG

Landenbergstrasse 11

6005 Luzern

Switzerland

Phone:

+41 41 581 41 23

E-mail:

a.beeler@swisssteelgroup.com

Internet:

www.swisssteel-group.com

ISIN:

CH0005795668

Listed:

SIX Swiss Exchange

EQS News ID:

1189602


 

End of Announcement

EQS Group News Service

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