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    STLN   CH0005795668

SWISS STEEL HOLDING AG

(STLN)
  Report
Delayed Quote. Delayed Swiss Exchange - 05/14 11:30:59 am
0.314 CHF   -1.41%
05/05SWISS STEEL  : Key figures
PU
05/05SWISS STEEL  : Swings to Q1 Profit on Higher Operations Income
MT
05/05EQS-ADHOC  : Swiss Steel Group develops distinctly -2-
DJ
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

EQS-Adhoc : Swiss Steel Group develops distinctly -2-

05/05/2021 | 01:03am EDT

In the first quarter, the adjusted EBITDA margin rose to 5.9 % (Q1 2020: - 0.9 %), and the EBITDA margin to 5.6 % (Q1 2020: - 1.1 %).

Net debt, comprising current and non-current financial liabilities less cash and cash equivalents, came to EUR 522.5 million, a decrease on the figure as of December 31, 2020 (EUR 639.9 million). The capital increase resulted in a temporary increase in cash and cash equivalents as of the reporting date and a general reduction in the syndicated loan. Outlook for the fiscal year 2021

The priority in the second quarter of 2021 will be to continue to optimize liquidity by seizing market opportunities and providing support with human and financial resources as needed. We will continue to ensure that our production and our cost structure are as flexible as possible.

Implementation of the transformation program will remain a focus. We are well on track and are also steadily making progress in our structural projects. The priority now is to maintain this positive momentum.

Given the improved order situation in the first half of the year, and depending on the further course of the COVID-19 crisis, we expect to arrive at an adjusted EBITDA of more than EUR 100 million.

For further information: For media queries: Dr. Andrea Geile, a.geile@swisssteelgroup.com, Phone +41 (0)41 581 4121 For analyst/investor inquiries: Daniel Geiger, d.geiger@swisssteelgroup.com, Phone +41 (0)41 581 4160

Media Release (PDF)

Interim Report Q1 2021 (PDF)

Investor Presentation (PDF)

Link to Audio Webcast

Key figures Q1 2021 (PDF)

5-quarter overview (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.

Forward-looking statements

This media release contains forward-looking statements, including presentations of developments, plans, intentions, assumptions, expectations, beliefs and potential impact or descriptions of future events, income, results, situations or outlook. These are based on the Company's current expectations, beliefs, and assumptions, which may differ materially from future results, performance, or achievements. The information contained herein is provided with the publication of this document. The forward-looking statements contained herein are not updated as a result of new information, future events, or for any other reason. ----------------------------------------------------------------------------------------------------------------------- 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:  1192537 
 
End of Announcement EQS Group News Service 
=------------ 

1192537 05-May-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1192537&application_name=news 
 

(END) Dow Jones Newswires

May 05, 2021 01:02 ET (05:02 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
SWISS STEEL HOLDING AG -1.41% 0.314 Delayed Quote.38.81%
All news about SWISS STEEL HOLDING AG
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More news
Financials
Sales 2021 2 936 M 3 566 M 3 566 M
Net income 2021 -118 M -143 M -143 M
Net Debt 2021 550 M 669 M 669 M
P/E ratio 2021 -43,2x
Yield 2021 -
Capitalization 877 M 1 063 M 1 065 M
EV / Sales 2021 0,49x
EV / Sales 2022 0,54x
Nbr of Employees 9 929
Free-Float 50,3%
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Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 0,17 €
Last Close Price 0,29 €
Spread / Highest target -12,8%
Spread / Average Target -40,2%
Spread / Lowest Target -67,6%
EPS Revisions
Managers and Directors
NameTitle
Clemens Iller Chief Executive Officer
Markus Boening Chief Financial Officer
Heinrich Alois Christen Chairman
Oliver Thum Non-Executive Director
Adrian Widmer Non-Executive Director
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