1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023
1°Half 2023 Financial Results Presentation
Headquarters: | 1 |
IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy | www.irce.it |
1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023
IRCE Group - Contents
Company Profile
•Highlights •The Businesses •Production Plants
Financial Results
•Copper and Aluminium Price Trend
•Profit and Loss Statement
•Balance Sheet
•Business Performance
•Market Performance
Headquarters: | 2 |
IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy | www.irce.it |
1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023
Company Profile - Highlights
IRCE is a leading European Group operating in the industries of magnet wires and cables
IRCE Today | Uom | 1°H 2023 | 1°H 2022 |
Number of employees FTE | Nr | 657 | 719 |
TURNOVER | Eur M | 219.0 | 261.0 |
EBITDA | Eur M | 11.4 | 8.5 |
EBITDA Adj* | Eur M | 11.3 | 8.9 |
EBIT | Eur M | 7.6 | 4.8 |
EBIT Adj* | Eur M | 7.5 | 5.2 |
RESULT of the period | Eur M | 4.9 | 4.2 |
The data includes Miradolo italian plant sold on June 30, 2022
(*) Including gains/losses on copper and energy derivatives transactions if realized
FY 2022
648
454.7
19.4
19.9
11.6
12.1
9.2
History | |
1947 | IRCE began its activity in Imola (Italy) with the production of magnet wires |
1961 | The company started the production of PVC insulated low voltage cables |
1996 | The Group was listed on the Italian Stock Exchange |
1998 | Acquisition of Smit Draad Nijmegen BV (The Netherlands) |
2001 | Acquisition of FD Sims Ltd (UK) |
2001 | The Group was listed on the Star Market Segment |
2007 | Construction of Brazil Plant |
2007 | Acquisition of Stable Magnet Wire P. Ltd (India) |
2010 | Acquisition of ISODRA GmbH (Germany) |
2015 | New sales office in Poland |
2018 | Established the Company in China |
2021 | Established the Company in Czech Republic |
2022 | June 30, sold the branch of the company for the production of power cables located in Miradolo Terme Italy |
Headquarters: | 3 |
IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy www.irce.it
1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023
Company Profile - The Businesses
IRCE Group works in two business areas:
• | Magnet wires | 81% of sales |
• | Energy cables | 19% of sales |
Sales breakdown by business areas | Sales breakdown by geographical area |
Energy cables
Magnet Wires
19%
81%
Headquarters: | 4 |
IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy | www.irce.it |
1°H 2023 Financial Results Italian Excellences - Paris, 10-11 October 2023
Company Profile - The Businesses
Magnet Wires
Magnet wires, also known as winding wires or enamelled wires, have multiple applications such as electric motors, generators, transformers, compressors, inductors, relays, solenoid valves, etc. The wire is insulated through the application of many layers of enamels by means of highly sophisticated processes and machines, which demand high levels of investments and large scale of productions.
Energy Cables
Cables produced by the Group encompass the complete range of Low Voltage and Medium Voltage for building and industrial sector. Cables can be insulated with PVC, rubber, polyethylene, etc.. They are used for the construction of electricity plants in residential and industrial buildings and for the wiring and cabling of electrical appliances. The principal final industry sectors are the construction industry, housing and industrial applications, and consumer durables industries (domestic appliances and other electrical appliances).
Headquarters: | 5 |
IRCE Spa, Via Lasie, 12/A - 40026 Imola BO - Italy | www.irce.it |
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Disclaimer
IRCE S.p.A. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 09:31:10 UTC.